External Perspective
The Rise Of The Winner-Take-All Economy: Reuters Column
The rich are getting richer. That's the conclusion of the World Wealth Report, the landmark annual study of the world's millionaires, which was released last week by RBC Wealth Management and ...
Is Cloud Computing Critical To Carrier Management?
Cloud computing in insurance is inevitable. There are many projections about the growth of cloud computing services revenue that support this, but the best predictor of the inevitability of cloud is ...
Flaw of Averages: Why Carriers Overpay & Underpay Contents Claims
In his book, The Flaw of Averages, author Sam Savage explores how the widely used statistical concept of "averages" can wreak havoc on our forecasting and decision making. He explains the law's ...
Nonorganic Growth Strategies: Building Niches With Lift-Outs & Bolt-Ons
You are the president or CEO of almost any size property-casualty company. You have just met with your board of directors, and their clear direction is that growth is needed. In the competitive soft ...
MPLI Lagging Commercial Lines Underwriting Cycle
Medical professional liability insurance (MPLI) is a smaller specialty property/casualty insurance underwriting segment that has generated strong annual underwriting profits since 2006, considerably ...
Deloitte’s Howard Mills On Leadership & Governance
"Take me to your leader." Those of us who grew up worshiping cheesy sci-fi movies from the 1950s are undoubtedly familiar with that line. It is what the aliens who land on earth usually say to the ...
How Good Are Hurricane Forecasts?
Hurricane forecasts are very interesting and well publicized in the media, but how reliable are they? Not very, according to catastrophe modeling expert Karen Clark, who provides a chart of seasonal ...
Karen Clark Explains The Basic Facts About Hurricanes
The 2013 hurricane season is upon us and with it the usual spate of hurricane predictions. Most forecasts will call for an active, above average season in 2013, due to factors such as warm sea ...