Guy Carpenter
Guy Carpenter & Company, LLC, is a global risk and reinsurance specialist based in New York with more than 60 offices worldwide.
Insurers eye AI's dual role in risk and opportunity
AI vendors can become single points of failure.
Earthquake insurance uptake grows significantly in Taiwan
25 years after the Chi-Chi earthquake, TREIF has increased its event funding to $
SMBs boost cyber insurance uptake amid rising threats
67% of ransomware attacks in Q4 2023 affected SMBs with less than 1,000 employees.
Guy Carpenter estimates CrowdStrike outage loss ~$1b
A malicious attack on a widely used operating system could birth $2b in losses.
Property catastrophe market finds balance in H1 2024
Guy Carpenter estimated an additional $35b to $40b in limit purchases worldwide.
CEO on mounting regulatory challenges for APAC insurers
Guy Carpenter’s Tony Gallagher said adopting a multi-faceted approach is key to navigating the ever-evolving IFRS 17 requirements.
Cyber insurers examine common tech dependencies after crash
Guy Carpenter will assess the impact on tail risk and the $15.5b industry.
Marsh McLennan reports 6% YoY revenue rise in Q2 2024
Asia Pacific’s underlying revenue climbed 70% YoY.
Business email compromise is often overlooked cyber threat: Guy Carpenter
The past five years saw 550 email compromises, affecting clients.
Reinsurance market stabilises amid mid-year renewals
Property catastrophe reinsurance rates were generally flat to slightly down.
Japanese insurers seeking alternatives to lower hail risks
2024 could potentially exceed ¥150b ($0.94b) in insured losses.
How private equity will mould the region’s life insurance market
Asia saw $25b in private equity-backed reinsurance transactions in 2023.
TREIF estimates $23.5m in losses from more than 450 claims
Guy Carpenter notes that the full extent of the quake’s impact on the industry is yet to be determined.
Guy Carp appoints new managing director for credit, bond and political risk division
Chu has been in the reinsurance market throughout his 30-year career.
Guy Carpenter boosts senior leaderships in APAC
A new CEO will lead the Pacific region.
ASEAN forms reinsurance committee to tackle climate risks
The insurance industry’s snail pace in providing capacity for RE projects, the committee aims to jumpstart the progress.
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1. India's life insurance growth slows to 10.6% in October 2. South Korean insurers brace for profit squeeze amidst rate cuts 3. bolttech secures $50m venture debt from HSBC, expands market 4. Life insurance premiums forecast to grow by 3% yearly until 2026 5. Prudential launches AI lab in SingaporeResource Center
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Humans need to be in insurance’s genAI loop
![Humans need to be in insurance’s genAI loop]()
Insurance
Employees still need to interpret AI-generated data and make decisions to minimise risks.
Employees still need to interpret AI-generated data and make decisions to minimise risks.
