Category Archives: Reinsurance

4 steps to linking strategy and ERM

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Why don't insurers practice strategic risk management? Continue reading →

Insurance costs and economic costs of wildfire

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The wildfires in Fort McMurray, Alberta, Canada earlier this spring brought great destruction and displaced approximately 88,000 people. It is comforting that no deaths have been reported, especially considering the speed and extent to which it spread. The fire was … Continue reading →

Noah needs insurance

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Insurance is the strand that anchors every family, business and community. Insurance complements and supports best building codes, discourages risky behavior and provides money to rebuild. Continue reading →

A.M. Best’s proposed criteria changes: How might the rules of the road be changing?

rules of the road

While the scope of A.M. Best's changes might appear wide-reaching and dramatic, we are not expecting extensive changes in ratings upon final implementation. Continue reading →

Dispelling the myth: Hurricane Andrew didn’t happen in an El Niño year

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In the 20 or so years that span my reinsurance career the subject of the influence of El Niño–Southern Oscillation (ENSO) on Atlantic hurricanes has often come up. And the topic invariable leads to the following comment “Yes, but didn’t … Continue reading →

How much capital should an insurer hold?

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An insurer’s management often wonders whether their company has the right amount of capital.  If they are holding too little, they may not be ready for when the next catastrophe occurs, or miss an opportunity to acquire a new affiliate … Continue reading →

What could a La Niña mean for insured property exposure along the U.S. coast?

La Nina Property Exposure

June 1 marked the beginning of hurricane season in the Atlantic Basin for 2016. Willis Towers Watson Wire recently published a blog on our predictions for this season based on Colorado State University’s forecast. With the hurricane season in mind, … Continue reading →

Reinsurance Evolves to Protect Earnings

protecting earnings

In today’s environment, managing an insurance company’s risk is increasingly challenging; scrutiny of insurers’ financial health and the inevitable associated market and peer comparisons are greater than ever before. Continue reading →

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

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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 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 →