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

Canadian Motor Claims Accelerate

Contributor: Angela Chung, Senior Underwriter P&C Canada, PartnerRe; Grace Lin, Chief P&C Pricing Actuary Canada, PartnerRe
Date: 2/1/2010
As we turn the corner into 2010, Ontario’s 1997 CAD $ 700,000 average reported large motor loss now stands at CAD $ 3.2 million; a four-fold increase over 11 years. Given such inflation and the absence of redistributory index-linked clauses, upward non-proportional reinsurance pricing adjustments are essential to avoid a future crash in capacity and healthy balance sheet for all parties.
Tags: Motor, U.S., 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

Risk Modeling Lessons of the Financial Crisis

Contributor: Dom Tobey, Deputy Head Global Specialty Lines, PartnerRe
Date: 8/31/2009
When one considers the role that risk modeling played in the roots of the financial crisis, there were very clearly a number of common technical flaws in the models. However, the way the models were used and managed played a far more important role than the technical problems themselves. While these issues centered around investment banking activities, the broad lessons learned are equally applicable to insurance and reinsurance.
Tags: Non-specific, Risk management & reserving, Capital markets & structured products, Claims, Pricing & models