Underwriting Archives - Carrier Management

50 Shades of Catastrophe Model Vendor Transparency

There are two players in the tug of war that is the implementation of a catastrophe (CAT) model—the user and the vendor. Users require a sophisticated CAT model that pulls together multiple ...

Perils, CyberAcuView Launch U.S. Cyber Industry Loss Index

A U.S.-focused Cyber Industry Loss Index has been launched by Zurich-based Perils and CyberAcuView, an independent U.S.-based organization formed by leading cyber insurers, to keep capital flowing in ...

Hard Market Pressure: Surplus Lines Lifting Heavy Load in Turbulent Times

As the longest hard market in memory refuses to fade, standard property/casualty carriers are not only continuing to raise prices but also reimagining their books by shedding risks they no longer ...

Grid-by-Grid: How One Tech Firm Dissects California Wildfire Risk to Sell Insurance and Reinsurance

There is general consensus among insurance and reinsurance underwriters about the safest property risks to accept in the California market, according to the co-founder of ...

Evacuation Policies and Cat Strips: Wildfire Insurance and Reinsurance Ideas That Failed

Sometimes, it takes a few tries to develop the right insurance or reinsurance product—one that will align well with the needs and wants of customers.

The Care and Feeding of Property-Catastrophe Models

A wise statistician once said: "All models are wrong, but some are useful." The key to getting useful (accurate) model results is working with models that fit specific ...

The Long Tail: Aftermath of Disaster

While I was doing research for this edition, I came across these paragraphs, written by one of the leaders of a technology company, recalling a previous role he had ...

The Art and Science of Underwriting in an Era of Evolving Risk

Insurance underwriters are seemingly pulled in many directions today as risks quickly evolve, from extreme weather events to changes in the legal and regulatory landscape ...

California Wildfires Dwindle as Premiums Surge

In their 1999 paean to California, the Red Hot Chili Peppers sang that "Destruction leads to a very rough road, but it also breeds creation." The rock band was referring ...

Are Winds of Change Blowing on California Insurance Law?

It would be wrong to assume that California regulators and lawmakers are only now starting to ponder what to do about a potential insurance crisis in the wildfire-prone ...