Novel risks of the digital age are not the only ones that property/casualty insurance industry executives should be worried about as they seek to manage insurance and reinsurance portfolios, the leader of a risk modeling firm warns.
Executive SummaryBill Churney took on the CEO role at AIR Worldwide in January. In a June interview, the risk professional talked about the risks he thinks P/C insurance executives are losing sight of and about AIR's development of platforms and models to learn more about known risks and to keep pace with emerging ones.
During an interview with Carrier Management on the day before the official start of hurricane season in the United States, Bill Churney, CEO of AIR Worldwide, said that short memories about the devastating impacts of traditional property-catastrophe losses could spell trouble for inattentive carrier management teams.
“One of the efforts I’m going to be pushing forward is to make sure people are not losing sight of the natural disaster risk that exists in their portfolios today.