Yearly Archives: <span>2014</span>
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 ...
Litigation Trifecta Keeps Insurers Busy
Suits related to violations of the Telephone Consumer Protection Act (TCPA), cyber breaches and concussions remain at the top as far as litigation trends go, according to industry experts. And while ...
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 ...
Hamilton Re Moving Full Steam Ahead With Expansion, Technology Initiatives
"Bursting at the seams." That's the phrase Kathleen Reardon, CEO of Hamilton Re, used to describe the current state of affairs for the company she heads in Bermuda—a description that also captures ...
Third Point Re Has a Game Plan to Win in Any Market, CEO Berger Says
It might not be too surprising to hear a former professional basketball player and coach counsel that one of the keys to winning is having a carefully crafted game plan. That's also the advice that a ...
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 ...