Risk & Capital Management
How to Develop a Robust Risk Appetite Statement
In a recent Own Risk and Solvency Assessment webinar conducted by FTI Consulting, more than 50 percent of attendees stated they had not adequately defined risk appetite as part of their ORSA ...
Guy Carpenter Launches Next-Gen Canada Flood Model
Guy Carpenter launched its G-CAT Canada Flood Model, which it describes as the first ever probabilistic model for Canada that enables insurers to assess their exposure to flood, Canada's most ...
Security Breaches Reveal Airport Vulnerabilities
Several hundred times over the last decade, intruders have hopped fences, slipped past guardhouses, crashed their cars through gates or otherwise breached perimeter security at the nation's busiest ...
A.M. Best’s New Capital Model Still a Work in Progress
Changes to A.M. Best's capital model are in the works, but the form they will take is still unclear—even to Best analysts working to test possible metrics for this key component of ...
RMS Releases Latest Europe Windstorm and North Atlantic Hurricane Models
Catastrophe risk modeler RMS has released version 15.0 of its RMS Europe Windstorm and RMS North Atlantic Hurricane Models. Matthew Grant, general manager of models and data at RMS, said the updated ...
For Storm-Prone U.S. Heartland, Spring’s Arrival Comes With Cost
It's again the time of year when a mix of cool air from Canada, warm moist air from the Gulf of Mexico and a touch of energy off the Pacific can all wrap together to unleash storms across the U.S. ...By The Letters: Multiple Insurance Regulators
As the regulators and other entities influencing the regulations of U.S. insurance companies have multiplied around the world, it's become harder to keep track of them. Andy N. Mais and David S. ...
Strategies for Coping With a Tsunami of Regulations
Once upon a time, insurance regulation for U.S. companies was pretty straightforward. But then came 2008. Things changed. The influencers if not the direct regulators of U.S. insurance companies have ...