All Features articles – Page 13
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Features
A user guide for cat models
The combination of a heavy reliance on catastrophe models and uncertainty in model outputs has caused widespread unease regarding their usage in the industry, explains Dr Herve Castella.
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Features
Class action culture
Is the spectre of US-style class actions haunting Europe? ask Truiken Heydn, Chris Williamson and Liz Williams.
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Features
Omission is not an option
Peter Dunlop reveals the dangers of failing to deal effectively with the issue of governing law
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Features
Taking on Goliath
Since Spitzer turned his focus squarely on the insurance industry last year there have been high-profile job losses, guilty pleas and sizable settlements But Liberty Mutual is not taking it lying down, explains Mairi Mallon.
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Features
The winds of change
Last year's dark storm clouds may cast a longer lasting shadow over the Bermudian reinsurance industry than ever before, finds Lilla Zuill, with some of the view that fundamental changes to how the sector does business is the only way to go
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Features
Bricks & Mortar
Real estate is not likely to be on the list of insurers' and reinsurers' current investment strategies, but it should be, argues Richard Major
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Features
Softening the blow
Despite record industry losses following last year's hurricanes Katrina, Rita and Wilma, many insurers and reinsurers managed to offset potentially devastating year-end results with strong investment returns, finds Ronald Gift Mullins
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Features
Modelling Murphy's Law
JB Crozet and Colum D'Auria report on the latest thinking on correlations between lines of business and the lessons learnt from the World Trade Center and Hurricane Katrina
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Features
A nail in the coffin?
Does the Enterprise Oil decision mean the end of Lumbermens allocation? ask Simon Greenley and Tim Bull
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Features
Bringing standards back to life
Like many other areas of commerce, the life reinsurance sector has resisted the use of standard business processes and electronic information exchange This is all about to change, explains Lloyd Chumbley.
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Features
Service will be resumed
In the aftermath of the US hurricanes, business interruption has become a topical issue, but it is often misunderstood Ling Ong, Catherine Rawlin and James Stanbury consider some of the legal and practical accounting issues arising after a major catastrophe.
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Features
Getting a grip
With reserve shortfalls still making headlines, just how effective are current reserving strategies? asks Nigel Allen
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Features
Filling the reserves
Duncan Briggs and Cheryl Tibbits consider the conservatism in Regulation XXX and the approaches taken to fund the reserve strain
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Features
Hung out to dry
Australia is another jurisdiction joining the US in its efforts to tackle money laundering Dean Carrigan and Penny Holloway discuss its potential impact on insurers.
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Features
Clean up - the act
New regulations to prevent money laundering in the US could indirectly impact reinsurers, warn Melvin Schwechter and Robert Woody
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Features
A case of compliance
With over one billion Muslims globally, there are few that would doubt the potential demand for Shari'ah compliant insurance, say David Whear and Annabel Western
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Features
Putting capital to the test
While capital adequacy proved fairly robust following another active hurricane season in 2005, greater consistency across capital models is needed, argues Vasilis Katsipis
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Features
Balancing risk and reward
Increasingly insurers are employing economic capital as a measure of required capital and setting target rates of return on this capital Yet, a recent study questions whether there is sufficient understanding and buy-in to ensure that such frameworks are effective. Mark Train and Shyam Venkat consider the findings.
