Members Only Content
How Reinsurers Can Win in the Game of Volatility
Successful reinsurance businesses strive for profit stability while promising to reduce the volatility that their cedents experience. But now some reinsurers have been cutting their ...
A Community-Based Solution: How Actuaries and Fire Chiefs Can Tackle WUI Risk Together
Why is wildfire risk such a challenging area for insurers and communities? As fire chiefs, we are regularly asked about the increasing challenges our residents experience when seeking insurance in ...
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 a company that uses ...
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. Kettle, a company that uses technology to ...
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 underwriting needs and making ...
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 to general inflation trends. ...
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 to earthquakes and tidal ...
Emerging Risks: Could Obesity Lawsuits Become a Major Liability Event?
Public health problems often have the potential to lead to severe and systemic liability losses. This was the case in the massive asbestos and tobacco litigation events of the 20th century, as well ...