Category Archives: Casualty

Doors-off helicopter tours: Four things every operator should think about

Pilot standing in front of an open helicopter door while another man faces a woman who is climbing out of the helicopter

Do it for the ‘gram. That’s the world’s mantra these days: living for the Instagram photo instead of the experience itself. But now that pictures are seemingly worth a thousand likes, how far will people go to capture that double-tap-worthy … Continue reading →

Are you ready for peak 2018 hurricane season?

a car submerged under water

While current predictions indicate a relatively quiet hurricane season, particularly in comparison to last year, it only takes one major hurricane making landfall in a built-up area to create a significant loss, as we saw with Hurricane Andrew in 1992 … Continue reading →

IFRS17: More snakes than ladders for property & casualty insurers?

Close up of a hand, moving a pawn around the holes of a wooden Snakes and Ladders game board

On first sight, the requirements of the new IFRS17 global accounting standard that will come into effect on January 1, 2021, appeared none too daunting for property and casualty (P&C) insurers. In general, such insurers appeared pretty relaxed, even nonchalant, … Continue reading →

Learning about natural hazards: A recap of Willis Research Network’s spring seminar series

streets flooded around a building

This past spring, Willis Research Network (WRN) hosted a series of morning seminars that featured a number of research projects and partners. Topics ranged from severe convective storms to corporate risk profiling, and included findings from some of the WRN’s … Continue reading →

Assessing the aftermath: Lessons learned from Hurricane Irma

hurricane irma risk mitigation

Soon after hurricane Irma struck, Willis Re sent a team to survey the property damage in southwest Florida. After four days, and 900 miles, the team completed its assessment, which can be found here. Among the key lessons learned was … Continue reading →

Construction insurance marketplace update

Expectations for construction risks: Rate, terms and conditions The U.S. construction property and casualty market continues to exhibit rate stability. While the market remains soft, a level of underwriting restraint has started to take hold. Much of this is driven … Continue reading →

Marketplace Realities 2017 Spring Update: The search for growth

All eyes on Washington (From the publication’s introduction by Joseph C. Peiser, Senior Editor and Head of Broking for North America) It’s like the two-minute warning in football, overtime in basketball, extra innings in baseball or, if you’re not a … Continue reading →

How can insurers find real value in their predictive models? Experiment thoughtfully with practical implementation top of mind.

There’s a lot of conversation about new modeling approaches and novel sources of data poised to revolutionize insurance. This extraordinary industry transformation actually began about a decade ago. Analytical methods such as generalized linear models (GLMs) and decision trees were … Continue reading →

Big data is 3-dimensional

Metrics drive risk and claims management. But, is this enough? Risk management is ill-prepared to journey into open waters and chart new routes in metrics. Continue reading →

The construction insurance marketplace

Expectations for construction risks: Rates, terms and conditions Continue reading →