Property Catastrophe Market Rates on line decreased by an average of 7.5 percent on US programs, but there were significant variations depending on cedents' results, regional characteristics and coverage. ... Continue Reading »
Models
Solvency II Update: QIS5 Windstorm Scenarios Are Within Range of Industry Models
Frank Achtert, Managing Director, Eddy Vanbeneden, Managing Director, and Maximilian Strasser, Senior Vice President Contact European insurers and reinsurers will face requirements for full compliance with the new Solvency II capital regime requirements in just over two years. Even if this introduction is phased in -- as the European Commission has reportedly indicated it could ... Continue Reading »
TRIA, U.S. Terrorism and International Terrorism: Effect on the Insurance and Reinsurance Markets
Emil Metropoulos, Senior Vice President Contact We excerpt here from the recently published Marsh report: Terrorism Risk Insurance 2010, the section authored by Guy Carpenter's Emil Metropoulos. Commercial insurers are strongly supportive of the Terrorism Risk Insurance Act of 2002 (TRIA), as it provides them an ultimate safety net for their terrorism exposures. However, the ... Continue Reading »
Top ERM Stories: 2010 Year to Date
Here are our most popular stories on enterprise risk management that have appeared on GC Capital Ideas in 2010. Corporate Decision Making Using Economic Capital Models: Part I: Introduction, Quantifying Corporate Risk: In the 1980s many large general insurance companies investigated the use of dynamic financial analysis for corporate decision making. Only a small number of ... Continue Reading »
Reserve Risk and Future Inflation
Spencer Gluck, Senior Vice President Contact The last bout of serious inflation in the United States occurred in the late 1970s. In casualty insurance, high inflation coincided with deteriorating reserves and underwriting results. Many believe that the risk of future inflation is higher than it has been in many years. If rising inflation levels impact settlement of claims that ... Continue Reading »
(Re)Insurance Innovation: Committing to the Leading Edge, Part I: Overview
Chris McKeown, CEO of Global Analytical and Specialty Practices Contact The threats to which (re)insurers' capital is exposed seem to multiply with alarming regularity. Today, the industry is contending with risks that were barely imaginable (at best) 20 years ago. In an age when carriers ... Continue Reading »
