Risk & Capital Management
Why Open Platforms Are the Logical Next Step for Catastrophe Risk Models
The first generation of catastrophe modeling technology, based on proprietary "black box" models produced by a few vendors, is 25 years old. It's now generally known that despite significant ...
Lessons of a Risk Modeler: RMS CEO Hemant Shah
Not many CEOs are willing to talk publicly about their biggest misfires and what they learn from them. Hemant Shah did not hesitate when confronted with the question. The co-founder and CEO of ...
Aon Benfield Study Sees Positive Return Outlook for U.S. HO Insurers
Aon Benfield, the global reinsurance intermediary and capital advisor of Aon plc, has announced the release of its 2014 Homeowners ROE Outlook report, which sees trends emerging that support a ...
Zombie Storms Threaten More Damage After Hurricanes
A hurricane may lose its name, its structure and even its place on National Hurricane Center tracking maps. None of that is a guarantee the storm's meteorological energy won't keep making mischief. ...
Capital and Culture Have Changed Reinsurance Broking for Good
The influx of new capital has profoundly changed the reinsurance marketplace. It has lowered reinsurance rates, improved terms and conditions, and impacted reinsurer profitability. The same influx of ...
Evaluating Capital Needs
According to Standard & Poor's, some of the more common modeling techniques insurers use to evaluate their capital needs are: Stress tests, or extreme scenarios used to evaluate risk-bearing ...
Survey Says: For Many, ERM Is a Capital Idea
As insurers continue to evolve their enterprise risk management systems and controls, and regulators take a closer look, one aspect continues to be clear: Capital is king. A recent study by Standard ...
For P/C Carrier CFOs, It’s Time to Revisit Reinsurance Buying Strategies
Capital levels in the property/casualty insurance sector can be ambiguous. As in other industries, capital can be fungible or trapped, liquid or illiquid, affected by prevailing asset values, ...