A.M. BestTV at Rendez-Vous: Modelers Warn About Surging Post-Catastrophe Costs
“Claims emerging from these catastrophes cover a number of different areas.
“The industry does not expect companies to be in financial trouble this season, and I believe a large part of it is due to the relevance of catastrophe models and how risk is managed today as opposed to several decades ago. The industry has learned a lot of lessons, and while every storm is unique and comes with its own set of complexities, the models have evolved in a very big way whereby we can triangulate some of the challenges and come up with estimates,” he said.
For full video coverage of the Rendez-Vous conference, including exclusive executive interviews, visit http://www.ambest.tv/rvs17.
Other people that appear in this episode:
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Robert Muir Wood , chief research officer, Risk Management System.
Recent episodes of A.M.BestTV include:
- Rendez-Vous: Reinsurance Outlook Remains Negative, but With Possible Upsides, Say A.M. Best Leading Analysts:
Stefan Holzberger , senior managing director and chief rating officer, andGreg Carter , managing director, analytics,A.M. Best , reviewed the outlook for the reinsurance sector and how recent catastrophes could affect the market at the annual Rendez-Vous de Septembre conference: http://www.ambest.com/v.asp?v=rvs3917. - Rendez-Vous: Global Reinsurers See More Than Catastrophe Risk on Horizon: Reinsurers and related professionals gathered at the annual Rendez-Vous de Septembre conference say risks such as mortgage and cyber are capturing industry attention: http://www.ambest.com/v.asp?v=rvs1917.
- Surplus Lines Pricing Encounters the Market's 'Rocky Bottom': Indications show accelerating growth for the excess and surplus sector, driven by a growing economy, shifting energy sector and pricing trends that may prove to be unsustainably low: http://www.ambest.com/v.asp?v=wsiapanelrecut917.
- Fewer Bright Lines Separate Reinsurance From
Third-Party Capital : A panel of rating, reinsurance and securities executives review the current state of the insurance-linked securities sector and how it's changing global reinsurance markets: http://www.ambest.com/v.asp?v=ilspanelrecut917.
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