Articles
Catastrophic Loss Estimates: The Numbers Are Numbing
Following the series of natural catastrophes clustered around the third and early fourth quarters of 2017, insurers and reinsurers provided their initial estimates of the associated incurred losses and earnings impacts. The expectation is that the initial estimates will be restated, and most likely increased, as the assessments evolve. Read More
Non-NatCAT Insurance-Linked Securities: Identifying Opportunities
One of the most important market trends has been the rise in non-life insurance-linked securities (ILS) that transfer risks outside of the natural catastrophe space. Aaron Koch of Milliman provides an overview of "non-Nat-Cat" ILS market potential and offers his view on next steps. Read More
Assessing and Quantifying Cyber Security Exposure and Cyber Risk
As cyber attacks occur with increasing severity and frequency, cyber risk has emerged as a critical risk exposure. Furthermore, current and future regulation will require a reliable, evidence-based approach to risk assessment. In this article, Milliman outlines actionable steps for companies looking to assess and quantify their cyber exposure. Read More
How a Captive Insurer Can Drive Superior Cost of Risk Results
Captive insurers can be used to support both strategic and tactical risk management initiatives to drive superior cost of risk results. Some strategies include tangible costs, while others are intangible. Glenn Peterson of EWI Re identifies and discusses intangible issues that can become tangible, thereby adding to an organization's cost of risk. Read More
The Challenge of Managing Millennials
Managing millennials can be challenging for human resources departments. Many myths and broad generalizations about this generation have emerged. However, there are risks involved with relying too heavily on generalizations for managing any particular demographic. Read More
Why Captive Investment Manager Due Diligence Matters
With the recent revelations concerning the issues at Guggenheim Partners and the New York state pension fund, captive insurers should consider how they conduct investment manager due diligence. Find out what precipitated the scandal and how captive insurers should consider conducting due diligence on money managers. Read More
Can the Black-Scholes Model Be Used for Captive Insurance Premiums?
Pinnacle Actuarial Resources' Derek Freihaut and Tim Mosler share their thoughts on the viability of applying a specific mathematical model, Black-Scholes, in estimating the maximum premium appropriate for a captive insurance company. Should the Black-Scholes pricing model be used to estimate captive insurance premiums? Read More
Captives in the Construction Industry
A recent Strategic Risk Solutions webinar explored the topic of alternative risk transfer and captives in the construction industry and examined construction industry trends and competitive landscape and insurance market challenges and solutions for insuring construction risk. Read More