The need for research in an increasingly complex risk landscape

From increasing losses and a persisting coverage gap to new emerging risks and interconnected exposures, (re)insurers face numerous challenges across the risk transfer chain.

In this rapidly evolving world, the GRC combines an independent perspective with the latest peer-reviewed research to enhance global risk assessment and management, helping clients find innovative solutions, access new business opportunities, and support revenue generation.

The key tenets of the GRC are:

  • Offering an independent voice
  • Covering research across the full breadth of Gallagher Re's global product offerings
  • Ensuring the highest academic standards through rigorous peer-reviewed research

Applications of research

The GRC works closely with all Gallagher Re teams to ensure research outputs are applied back into the business, providing real value to our clients.

From collaborating with Gallagher Re specialists in Catastrophe Analytics, Climate and Sustainability, and Global Strategic Advisory to supporting product development and reinsurance placement in our broking teams, the GRC delivers cutting-edge insights and tailored solutions across every area of the business.

How the Gallagher Research Centre can help you

  • Enable more accurate loss quantification
  • Develop realistic scenarios for current and future climates
  • Validate, adjust, and develop catastrophe models and data for improved risk assessment
  • Drive innovation in all insurance product lines through cutting edge science
  • Support regulatory submissions and stress testing requirements
  • Support risk management decisions across risk transfer chain

Unlocking risk analytics excellence: featured projects

Natural catastrophes pose a major risk to property (re)insurers globally, with insured losses from natural hazard estimated at $123 billion in 2023 alone. The Gallagher Research Centre has ongoing partnerships with world-leading academics across different perils and different regions, including global earthquake, global tropical cyclone, UK storm surge, Japan tsunami, US severe convective storm, European windstorm, and more.

One key initiative is the industry-first Global Tropical Cyclone Research Consortium, aiming to address major challenges within (re)insurance and beyond. It brings together academic and industry experts to study significant trends in tropical cyclone activity.

Our partners at Colorado State University, Vrije Universiteit Amsterdam, and Federation University Australia, are exploring several major themes ranging from tropical cyclone-induced flooding in Australia and impacts for the national Cyclone Pool, to rapid intensification of storms and effects of global climate patterns.

Read more about the Consortium

As the (re)insurance market continues to evolve with increasingly complex dynamics, Casualty, Professional & Financial Lines carriers must be able to understand and manage new risks as they emerge. The Gallagher Research Centre has ongoing partnerships with policy and legal experts on significant topics for Casualty, Professional & Financial Lines.

One major area of focus is the rise in global climate litigation cases in recent years. Potential liability faced by companies, particularly to their Directors and Officers, as a result of this litigation has become an increasing concern for (re)insurers.

The Gallagher Research Centre is collaborating with the Grantham Research Institute on Climate Change and Environment to develop multi-jurisdictional climate litigation scenarios for different industry sectors and company profiles to help clients understand this evolving risk landscape.

Learn more about our collaboration with the Grantham Research Institute

Life, Accident & Health carriers face a unique set of long-tail risks, feeling the long-term impacts of volatile global economies more acutely than many of their counterparts. The (re)insurance impacts of macroeconomic trends can be systemic and extensive, with impacts ranging from mass lapse risk in life insurance policies to reduced returns from properties and other investments.

The Gallagher Research Centre partnered with London School of Economics expert Professor Ricardo Reis to understand the drivers and future trends of macroeconomic activity across the global (re)insurance industry, with topics including inflation, interest rates, bond yields, recessionary trends, and commercial real estate returns.

Professor Reis utilised the latest economic and financial market data, along with research methods developed at the Centre for Macroeconomics, to produce regular market reports and articles for Gallagher Re.

Read the commercial real estate report

Specialty carriers are exposed to a number of significant and volatile risks, with complex markets and increasingly challenging global conditions requiring a deep knowledge of evolving hazards. The Gallagher Research Centre has ongoing collaborations on a number of topics affecting Specialty lines, including Marine and Energy and Political Violence, Terrorism and War.

One major challenge for the Marine and Energy sector is understanding critical maritime and port trade flows from a (re)insurance perspective, with impacts of global supply chain disruptions being brought into focus following the COVID-19 pandemic and recent geopolitical conflicts.

The Gallagher Research Centre is collaborating with the University of Oxford's Environmental Change Institute to develop a new global port supply chain framework and database, which will enable improved analysis of potential widespread disruptions at various maritime chokepoints and quantification of their impacts.

Read more about our collaboration with the University of Oxford

Our partnerships

The Gallagher Research Centre has established a research network spanning across the world, with partners based in the United States, Australia, Japan, Singapore, Italy, the Netherlands, the United Kingdom, and more.

Research topics range from supply chains, business interruption, and macroeconomics trends to climate litigation, tsunami, earthquake, and flood, working with world-leading subject matter experts to enhance our understanding of vital (re)insurance challenges.

Region

Focus Areas

Academic Partners

North America
  • US Severe Convective Storm
  • Global earthquake
  • Global tropical cyclone
  • University of Oklahoma and NOAA
  • Temblor Inc.
  • Colorado State University

Europe, Middle East and Africa
  • UK and Europe flood
  • European windstorm
  • Global earthquake
  • Global marine supply chain
  • Global macroeconomic trends
  • Global climate litigation risk
  • Business interruption and contingent business interruption
  • Global Earthquake Model (GEM) Foundation
  • Grantham Research Institute on Climate Change and the Environment
  • HR Wallingford
  • IUSS Pavia University
  • London School of Economics
  • University College London
  • University of Birmingham
  • University of Oxford
  • University of Southampton
  • Vrije Universiteit Amsterdam

Asia Pacific
  • Australia and Western Pacific tropical cyclone
  • Global volcano
  • Global tsunami
  • Federation University Australia
  • James Cook University
  • Nanyang Technological University
  • Tohoku University, International Research Institute of Disaster Science
View more

Find out more about the Gallagher Research Centre

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