Guy Carpenter Global Property Catastrophe Rate-On-Line Index

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Guy Carpenter Global Property Rate on Line Index – this is the proprietary index of global property catastrophe reinsurance Rate-on-Line movements, on brokered excess of loss placements, that has been maintained by Guy Carpenter since 1990. The index covers all major global catastrophe reinsurance markets. It is updated following January 1st renewals each year by calculating the change in ROL year on year across the same renewal base.

Latest commentary from Guy Carpenter

January 1 Reinsurance Renewals Commentary

Capital dedicated to reinsurance continued to grow in 2017 despite catastrophe losses. Due to ongoing excess supply and overall market resilience at January 1 2018, rate firming was generally moderate and pricing shifts focused on client-specific justification.

In most lines, loss-impacted policies or those with thin margins were most likely to see price increases. The Guy Carpenter Global Rate on Line Index, measuring the change in catastrophe premiums year over year, increased 6.1 percent.

This was driven by the impact of large loss activity and exposure growth, as reinsurers’ focus on flat risk adjusted pricing led to higher premiums for increased exposure. Unlike past firming events where supply and demand imbalances and shifting views of risk drove rates higher, the 2017 events were largely within model parameters, and overall industry capital did not decline. Assessment of the market response will continue through the spring, when many of the most heavily loss-impacted programs renew.

While reinsurers exercised greater caution in deploying capital at January 1, there was no indication markets’ support of the sector was diminished.

  • View the Guy Carpenter U.S. Property Catastrophe Rate-On-Line Index.
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    Securities or investments, as applicable, are offered in the United States through GC Securities, a division of MMC Securities Corp., a US registered broker-dealer and member FINRA/NFA/SIPC. Main Office: 1166 Avenue of the Americas, New York, NY 10036. Phone: (212) 345-5000. Securities or investments, as applicable, are offered in the European Union by GC Securities, a division of MMC Securities (Europe) Ltd. (MMCSEL), which is authorized and regulated by the Financial Conduct Authority, main office 25 The North Colonnade, Canary Wharf, London E14 5HS. Reinsurance products are placed through qualified affiliates of Guy Carpenter & Company, LLC. MMC Securities Corp., MMC Securities (Europe) Ltd. and Guy Carpenter & Company, LLC are affiliates owned by Marsh & McLennan Companies. This communication is not intended as an offer to sell or a solicitation of any offer to buy any security, financial instrument, reinsurance or insurance product.

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