Cat Models “Get Real”

Contributor: Dr. Paul Della-Marta, Research, PartnerRe; Manuel Prechtl, Research, PartnerRe.
Date: 10/1/2010
Stochastic catastrophe models price business based on thousands of generated events, but how do we know those modeled events and losses are realistic? A model’s “internal consistency” – broad agreement between observation and mathematical simulation - is one of the essential checks. A good stochastic model will show internal consistency at all stages of the modeling process. In this article our modelers explain this important check of a model’s ultimate reliability, using examples from PartnerRe’s CatFocus® tropical cyclone model.
Tags: Non-specific, Catastrophe perils

Insurers of Last Resort: My Word is My Bond

Contributor: Brian Secrett, Chief Underwriting Officer, Catastrophe, PartnerRe; Laura Davis, Head of Catastrophe, Bermuda, PartnerRe
Date: 4/23/2010
An increasing amount of risk is being assumed by U.S. personal lines residual market bodies, particularly in coastal states. We look at TWIA and the uncertainties for re/insurers linked to the new funding structure following last year's legislative change.
Tags: Litigation, Property, Catastrophe perils, U.S.

Central America - Opportunity and Challenge

Contributor: Salvatore Orlando, Head of P&C Southern Europe & Latin America, PartnerRe; Rick Thomas, Head of Catastrophe Underwriting Zurich, PartnerRe
Date: 4/8/2010
As the direct market regionalizes and retentions increase, risk correlation, solvency regulations and catastrophe losses all pose a threat to the current status quo – we review the issues and beneficial role of reinsurance.
Tags: Non-specific, Property, Catastrophe perils, Pricing & models

Happening in Cat

Contributor: Ted Dziurman, Head of Catastrophe, PartnerRe
Date: 10/20/2009
Ted Dziurman, Head of Catastrophe at PartnerRe, gives his views on the 2010 market outlook and introduces PartnerRe’s pioneering new versions of the CatFocusR earthquake and European windstorm models.
Tags: Non-specific, Catastrophe perils, Pricing & models