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Liquid Gold
One of Extraordinary Re's many innovations is a patented technology process that transforms each reinsurance contract assumed on its trading platform into what are called "liquid insurance ...
Reinsurance a Train Wreck; Brokers and Carriers Need to Bring Value Together, Berkley Says
W. Robert Berkley, Jr., the CEO of W.R. Berkley Corp., is not one to mince words about perceived missteps in the property/casualty insurance industry. A recent assessment of the P/C reinsurance ...
Catastrophe Bonds A to Z
A reader of this publication, the president of an insurance agency, recently wrote to say he kept hearing about catastrophe bonds but had little knowledge of what they were. He was curious if these ...
Agent and Insurance Carriers: The Changing Nature of Their Relationship in a Customer-Centric World
Auto insurance shoppers are placing a greater importance on having more services provided to them today versus five years ago, underscoring the fact that shoppers are increasingly demanding more ...
Marine Insurance’s Risk Rating Revolution: Why Insurers Cannot Afford To Be Left Behind
According to container logistics company Maersk "everything that can be digitized will be digitized,"and there is no doubt that the world of shipping is currently undergoing a digital revolution. ...
A Deep Dive Into Willis Re’s Cyber Modeling Tools
Willis Re's proprietary PRISM-Re cyber modeling tool considers catastrophic as well as attritional losses to portfolios of risk. It employs a two-part framework for analysis of cyber threats. The ...
Cyber Catastrophe Modeling: Challenges of an Inexact Science
Insurers, their regulators and ratings agencies are increasingly aware of the potential for a catastrophic cyber loss. The aggregation of cyber risk assumed under policies providing affirmative or ...
New World of Digital Recruiting: Chatbots, Videos and Social Media
Long gone are the days when employees printed their resumes and cover letters on fancy paper, worried about choosing the proper font, and put both documents in the mail. The idea of employers ...