Archive

Archive for the ‘companies (private sector)’ Category

Increasing Concentrations of Property Values and Catastrophe Risk in the US

April 24, 2015 Comments off

Increasing Concentrations of Property Values and Catastrophe Risk in the US (PDF)
Source: Karen Clark & Company

Residential, commercial, and industrial property values in the US continue to increase faster than GDP growth and the general rate of inflation. According to KCC estimates, insured property values increased by nine percent from 2012 to 2014.

In aggregate, building values now exceed $40 trillion, and when contents and time element exposures are added in, estimated insured property values swell to over $90 trillion. Along with increasing values, there are highly concentrated pockets of exposure, particularly in regions vulnerable to natural catastrophes.

For example, tier one counties along the Gulf and Atlantic coasts account for over 17 percent of total exposure at $16 trillion. Six counties have over $1 trillion of exposure each and on a combined basis, account for more than 12 percent of the US total. One county—Los Angeles—accounts for over three percent of exposed property values.

One implication of increasing concentrations of property value is the higher probability of megacatastrophe losses. A major storm or earthquake has not occurred in a densely populated metropolitan area such as Galveston-Houston, Miami, or Los Angeles for decades.

This study shows that when a large magnitude event occurs in specific concentrated areas, the losses will be multiples of the PMLs (Probable Maximum Losses) the insurance industry has been using to manage risk and rating agencies and regulators have been using to monitor solvency. Insurers typically manage their potential catastrophe losses to the 100 year PMLs, but because of increasingly concentrated property values in several major metropolitan areas, the losses insurers will suffer from the 100 year event will greatly exceed their estimated 100 year PMLs.

free registration required2

The World’s Love Affair with the TV May Be Coming to an End, Accenture Report Finds

April 20, 2015 Comments off

The World’s Love Affair with the TV May Be Coming to an End, Accenture Report Finds
Source: Accenture

The television’s popularity as the go-to entertainment device may be ending, according to “Digital Video and the Connected Consumer,” a new research report from Accenture (NYSE: ACN). The television was the only product category to see uniform, double-digit usage declines across different types of media worldwide among viewers of nearly all ages. It is rapidly being replaced as consumers turn to a combination of laptops, desktops, tablets and smartphones to view video content.

The report, developed for communications, media and technology companies, found that video consumption – anytime, anywhere – has become mainstream, accelerating the decline of traditional TV viewing. Viewership for long form video content, such as movies and television on a TV screen, has declined by 13 percent globally over the past year and by 11 percent in the United States. Similarly, the report found sports viewership on TV screens declined by 10 percent globally and nine percent in the United States.

Nearly all age brackets reported double-digit declines in TV viewing globally, with 14- to 17-year-olds abandoning the TV screen at the rate of 33 percent for movies and television shows and 26 percent for sporting events. This decline continues for 18- to 34-year-olds at 14 percent for movies and television shows and 12 percent for sporting events, and for 35- to 54-year-olds, at 11 and nine percent, respectively. It does, however, flatten among the 55 and older crowd, at six percent and one percent respectively.

2015 Data Breach Investigations Report

April 16, 2015 Comments off

2015 Data Breach Investigations Report
Source: Verizon

Prepare your enterprise to conduct individualized self-assessments of risk, so you can make realistic decisions on how to avoid cyber threats. The 2015 DBIR expands its investigation into nine common threat patterns and sizes up the effects of all types of data breaches, from small data disclosures to events that hit the headlines.

free registration required2

The future of the global power sector: Preparing for emerging opportunities and threats

April 14, 2015 Comments off

The future of the global power sector: Preparing for emerging opportunities and threats
Source: Deloitte

Power companies need to modify their management models to adapt to shifting realities, including price reductions that are leading to narrower margins, improvements in the quality of supply, demand for new services, a sharper focus on environmental protection, new technologies that modify traditional business scope by focusing on the technical management of assets, and many more.

The Crime Report: ShotSpotter Study: Gunfire Down in 2014

April 14, 2015 Comments off

The Crime Report: ShotSpotter Study: Gunfire Down in 2014
Source: SST

Gunfire declined significantly in 2014 in American cities monitored by ShotSpotter, according to a study released recently by the company. SST, which operates ShotSpotter, examined data in 28 cities that used the gunfire detection system in both 2013 and 2014. Instances of recorded gunfire dropped by 28.8 percent, according to the company.

All but two of the 28 cities saw reductions in their rates of gunfire.

ShotSpotter uses an array of microphones to record, identify and locate instances in which weapons are discharged. During 2014, it was used in 47 total cities.

The technology recorded 33,975 separate gunfire incidents nationwide in 2014, with 117,161 rounds fired. That breaks down to roughly 105 incidents per day.

Global Human Capital Trends 2015; Leading in the new world of work

April 14, 2015 Comments off

Global Human Capital Trends 2015; Leading in the new world of work
Source: Deloitte

Global organizations today navigate a “new world of work”—one that requires a dramatic change in strategies for leadership, talent, and human resources. More than 3,300 organizations from 106 countries contributed to Deloitte’s Global Human Capital Trends 2015 survey, assessing the importance of specific talent challenges and their readiness to meet them.

This report explores 10 major trends that emerged from our research, which reflects four major themes for 2015: leading, engaging, reinventing, and reimagining. We present the capability gaps associated with each of these trends and offer practical insights to help you address these challenges in your organization. We also outline six key findings and invite you to interact with the Human Capital Trends Dashboard to explore the trends by geography, industry, and company size.

2015 Global Aerospace & Defense Outlook: Growth for commercial aerospace; defense decline continues

April 13, 2015 Comments off

2015 Global Aerospace & Defense Outlook: Growth for commercial aerospace; defense decline continues
Source: Deloitte

Revenue and earnings growth in the commercial aerospace sector is expected to be a bright spot and driving force behind the global aerospace and defense (A&D) industry performance in 2015. While the rate of growth for the overall industry has been slowing over the last two years as a result of declines in defense sector spending, the commercial aerospace sector is likely to enjoy close to an 8 percent growth rate according to the Deloitte Touche Tohmatsu Limited (Deloitte Global) Manufacturing Industry group 2015 Global aerospace and defense industry outlook.

The commercial aerospace sector is expected to set new records for aircraft production in 2015. The accelerated replacement cycle of obsolete aircraft with next generation fuel-efficient aircraft, and growing passenger travel demand, especially in the Middle East and the Asia-Pacific region are key drivers behind this trend.

Global revenues in the defense sector will likely continue to decrease in 2015 at an estimated 1.3 percent. Yet, defense spending is increasing in several areas of the globe, especially in the United Arab Emirates (UAE), Saudi Arabia, India, South Korea, Japan, China, and Russia, as these countries equip their militaries with modern defense platforms and technologies. The report noted that escalating tensions between nations and damaging cyber-attacks may have an impact on future spending in the sector.

Over the next few years, the defense sector will be challenged in two major ways: how to grow profitably in a declining market and what actions are necessary to cut costs to maintain acceptable financial performance. Successful defense companies are addressing these challenges by branching out into adjacent markets, focusing on foreign military sales, and investing in next generation product development in cyber security, defense electronics, precision strike, unmanned systems, and advanced analytics.

Follow

Get every new post delivered to your Inbox.

Join 1,034 other followers