Category Archives: Reinsurance

For ERM, a Better Solution to Guessing Frequency and Severity Pairs for Risks

man-guessing

To compare your best guesses about frequency and severity of risks, you need to recognize that each risk likely has a wide variety of frequency severity pairs. Continue reading →

The Sharing Economy and The Forgotten Man

female-freelancer

The golden pin that holds together and supercharges the shared economy is the classification of workers as independent contractors. Continue reading →

The U.K. Floods: Looking Forward – Building Better Resilience

Willis Re eVENT forecasting tools enable firms to forecast claim frequency

How best to protect communities from flooding, how modelling could be better used to forecast areas at high risk of flooding, and reinsurance solutions to protect against earnings volatility. Continue reading →

U.K. Floods: Should We Expect More of the Same?

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Last week we examined the impact of the recent U.K. floods on the re/insurance industry. This leads us to ask what we should expect in the future. The U.K. December floods provided a useful case study on the performance of … Continue reading →

The U.K. Floods: Record-Breaking December – How Bad Was it?

british-floods

December 2015 saw Storms Desmond, Eva and Frank hit the U.K. leaving widespread flooding in its wake, breaking meteorological records and causing the insurance industry a £1.3bn headache. The flooding made headlines across the U.K., sparking a debate over the … Continue reading →

Latest on El Niño Predictions for 2016: A Looming La Niña?

Jan2016 ENSO. Credit: NOAA

El Niño continues to hold sway over global weather patterns, and its influence is likely to persist into Spring 2016.This is according to the El Niño Global Impact Forecast, a special report written by researchers at the National Center for … Continue reading →

Reinsurance Buying Habits in Central and Eastern Europe Are Changing Under the New Solvency II Regime

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The arrival and implementation of Solvency II regulations in Europe has heralded a flurry of action from insurers across the continent to ensure readiness for the demands of the new regime. Continue reading →

Fostering Resilience in the Asia-Pacific Region

Global Impact by the 2011 Great East Japan Tsunami

While there are some encouraging signs of greater resilience developing throughout the Asia-Pacific region, disasters such as the April 2015 earthquake in Nepal remind us of how far we have to go. In addition to loss of life, the damage … Continue reading →

A Regulatory Review of 2015

year-in-review

This year has been full of ups and downs at the Financial Conduct Authority (FCA). Fundamentally, it has become a year of change. In this article, I look back at the FCA’s more significant successes and challenges of 2015. I … Continue reading →

After COP21 How Can Insurance Help us Adapt to Climate Change?

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A mix of hype, excitement, cautious optimism, scepticism and just plain cynicism has purveyed the world of climate science and risk management following the latest (21st) Conference of the Parties in Paris, otherwise known as COP21. Continue reading →