Blog Archives
Systemic Risk Analysis: Are Cyber Insurers Whistling Past the Graveyard?
While ransomware was the hot topic at 2021 midyear insurance industry conferences, discussions of the broader topic of systemic risk—spurred on by recent hacks of SolarWinds and Microsoft ...
Time For Insurers to Reassess ‘Grim’ Cyber Insurance Market: AM Best
With the cyber risk hazard environment—ransomware, business interruption and aggregation—worsening significantly, "prospects for the U.S. cyber insurance market are grim," according to a report ...
Opioids Are the Next Tobacco. Are Antibiotics the Next Opioids?
The fact pattern is familiar. Drug companies market a legal and regulated drug, resulting in significant overprescription of that drug. Over time, a public health crisis emerges and annual deaths ...
7 Emerging Risks to Watch: Climate Change, Pollutants, Cyber Threats
Even the most vigilant insurers and reinsurers scanning the risk landscape for potential future liability problems are likely to fall into landmines. What insurance risks or the immediate or near ...
An Insurance Executive’s COVID-19 Survival Story
In early January 2021, Andrew Rear's health took a turn for the worse. After suffering two weeks with COVID-19, the 50-year-old former head of Munich Re's Digital Partners thought he was on the mend. ...
Emerging Damage: The Case of Melamine
Emerging risks evolve through three phases: emerging interest, emerging damage and emerging litigation. During the "emerging interest" phase, scientists, regulators or legal scholars first flag the ...
A Crisis Within a Crisis: How COVID-19 Is Driving the Opioid Epidemic
While the current national health conversation has largely centered on the COVID-19 pandemic, another ongoing and deadly battle has been looming in the background: the opioid crisis. The misuse of ...
The Climate Factor: Why 100 Years of Data Is Not Enough for Cat Models
Catastrophe models are designed to help risk managers in different industries understand the probability of occurrence of extreme events, typically for the next several years. But the time horizon ...