ICMIF Supporting Member Guy Carpenter has launched a new podcast series, Fo[RE]sight. Guy Carpenter’s goal for this series is to bring to listeners unmatched insights on trending challenges and solutions, delivered by specialists from Guy Carpenter and other organisations on the forefront of thought leadership developments in the reinsurance industry.
The first two episodes (which ICMIF members can access via the links below) look at the influence and impact of climate change on physical risk and insured losses.
Episode 1: Evolving physical risk landscape
The Intergovernmental Panel on Climate Change sixth assessment report or the IPCC AR6 provides more accurate and longer-range data than ever before. What does it all mean? The projections are reducing uncertainty and generating confidence in the conclusions, but strong regional differences mean effects can vary significantly across the world. Determining how shifting, large-scale averages affect local events matters greatly in predicting societal impacts and insured losses. What can we do to prepare and focus on the impact without getting lost in noise? In this premiere episode of Fo[RE]sight, Guy Carpenter experts Kieran Bhatia, Vice-President, Climage Change Perils Advisory, and Sam Phibbs, Vice President, Catastrophe Advisory, share their insights into this multi-layered issue.
Episode 2: Is climate change to blame for increasing losses?
The global insurance marketplace is experiencing a multiyear period of elevated insured losses. The shifting loss profile is seeing an elevated baseline influenced by a changing climate. However, evidence indicates that climate is only one factor in play. Catastrophe model usage, secondary perils, population demographics, evolution of built infrastructure, changes in the construction industry and inflation are also growing concerns. What can we do to ensure we take a holistic view of the risk environment? In this episode of Fo[RE]sight, Guy Carpenter experts Josh Darr, Managing Director, Head of North America Peril Advisory, and Jessica Turner, Managing Director, Catastrophe Advisory, share their insights on this multifaceted issue.
Guy Carpenter is a leading global risk and reinsurance specialist with more than 3,300 professionals in over 60 offices around the world. It is a business of Marsh McLennan, the world’s leading professional services firm in the areas of risk, strategy and people, with annual revenue over USD 19 billion. The company’s 81,000 colleagues advise clients in 130 countries.
Read the latest thought leadership from Guy Carpenter and Marsh McLennan experts—on the issues impacting your (re)insurance, capital and strategic goals here.
You can also sign up for the latest news and insights from Guy Carpenter’s newsletters, including bimonthly GC Capital Ideas, here.
Guy Carpenter is a gold sponsor of the upcoming ICMIF Centenary Conference in Rome, Italy (25-28 October 2022). The ICMIF Centenary Conference will stimulate original ideas for better business performance for our members. The Conference will give ICMIF members the chance to gain clear insights into the trends that are shaping the future of our industry and enjoy unparalleled networking opportunities with peers from member companies around the world.
Peter Hearn, Vice Chair, Marsh McLennan and former CEO of Guy Carpenter (USA), will participate in a panel discussion which will look to the future and what it holds for the mutual and cooperative sector during the ICMIF 100 Year Recognition Celebration on Friday 28 October.
Earlier in the year, during the 2022 ICMIF Meeting of Reinsurance Officials (MORO), Julian Enoizi, Global Head of Public Sector Practice at Guy Carpenter, presented and moderated a session on public-private partnerships for managing systemic risk. Julian’s presentation looked at how public-private partnerships, especially those based on the mutualisation of risk, have the potential to enable the insurance industry to manage various systemic risks and capture new opportunities.
ICMIF members are able to access a recording of Julian’s presentation via the ICMIF Knowledge Hub or by contacting Mike Ashurst for more information and the necessary links.
