Guy Carpenter today announced the launch of MetaRisk® ReserveTM 5 and MetaRisk® 9, the latest updates to its powerful suite of capital modeling tools built on more than 25 years of research and development. ... Continue Reading »
MetaRisk Reserve
Reserving and Capital Setting: Background and Challenges
Loss reserves are arguably one of the most difficult risks to estimate and monitor. In fact, inadequate pricing and deficient loss reserves have been the leading cause of property/casualty company impairments. According to A.M. Best, from 1969 to 2009 they triggered approximately 40 percent of all impairments - four times more than those emanating from natural catastrophes (1). ... Continue Reading »
Reserving and Capital Setting: Background and Challenges
Loss reserves are arguably one of the most difficult risks to estimate and monitor. In fact, inadequate pricing and deficient loss reserves have been the leading cause of property/casualty company impairments. According to A.M. Best, from 1969 to 2009 they triggered approximately 40 percent of all impairments - four times more than those emanating from natural catastrophes (1). ... Continue Reading »
The Rise of Emerging Risk and Casualty Catastrophe Models
The modeling of emerging and casualty catastrophe risks remains challenging and the models continue to vary in their approach, level of development and industry acceptance. With the potential scenarios numerous, diverse and constantly changing, there is no single model or approach that could contemplate all of them. Furthermore, the various disaster scenarios with which ... Continue Reading »
Reserving and Capital Setting: Background and Challenges
Loss reserves are arguably one of the most difficult risks to estimate and monitor. In fact, inadequate pricing and deficient loss reserves have been the leading cause of property/casualty company impairments. According to A.M. Best, from 1969 to 2009 they triggered approximately 40 percent of all impairments - four times more than those emanating from natural catastrophes (1). ... Continue Reading »
Guy Carpenter Launches MetaRisk® Reserve™ 4.5
Guy Carpenter today announced the launch of MetaRisk® ReserveTM 4.5. The latest version of this powerful reserve risk modeling solution delivers a faster and more flexible aggregation tool as well as an updated and unique predictive model for calculating Solvency II and ORSA issues. ... Continue Reading »
New Solutions Help Mutual Insurers Face Market Challenges
Jay Woods and John S. Haldeman II, Co-chairmen of Guy Carpenter’s Mutual Company Specialty Practice Contact Mutual insurance companies of all sizes currently face challenging market conditions where success requires not only focused distribution and operational excellence, but also access to increasingly sophisticated analytics services and products. How these firms use their ... Continue Reading »
Guy Carpenter Launches MetaRisk® Reserve™ 4.0
Guy Carpenter announced today the launch of MetaRisk Reserve 4.0TM. The latest version of this powerful reserve risk modeling tool delivers improved statistical models and an enhanced user interface. ... Continue Reading »
Managing Reserve Risk
Michelle Harnick, Managing Director Contact Given that the leading cause of financial impairment of insurance companies is inadequate reserves and our view that a reserve "cycle" not only exists but may soon enter a period of adverse development, Guy Carpenter has spent considerable resources researching and building models to better understand and manage reserve risk. ... Continue Reading »
Industry Reserve Update: Conclusions
Jessica Leong, Lead Casualty Specialty Actuary Contact What does the analysis mean for financial year 2014? Given the trends in the cycle, it is useful to break this question down into two sections: ... Continue Reading »
