CHANNELS

Subscribe to the InfoTech eNewsletter

infoTECH News

TMCNet:  A.M.BestTV: Rise of the Super (Risk) Models

[August 06, 2014]

A.M.BestTV: Rise of the Super (Risk) Models

OLDWICK, N.J. --(Business Wire)--

This episode of A.M.BestTV examines how a growing appetite for risk modeling is driving new models, modeling firms and more inclusive risk platforms, as reported by Kate Smith of Best's Review magazine. Also interviewed are Claire Souch of Risk Management Solutions and Jayanta Guin of AIR Worldwide.

In describing risk modeling, Smith said: "Since everyone would like to have certainty, but unfortunately cannot have it, risk modeling is designed to evaluate the likelihood of a loss in certain events, such as earthquakes, hurricanes and natural disasters, with terrorism and cyber-hacking gaining prominence."

Souch said that she believes the risk management principles that are applied in the modeling of natural catastrophes also can be applied to these emerging terror and cyber risks as well. As risk modeling gains more acceptance, Guin says, "If there are gaps in current solutions companies would like to use other third party models."

Read Smith's entire article, "The Rise of the Super Models" in the August edition of Best's Review.

Click here to view this episode: http://www.ambest.com/v.asp?v=model814.

Recent episodes of A.M.BestTV include:

  • First Monday Leading Analysts , Key Topics: Looks at rising investment allocations to Schedule BA assets among U.S. property/casualty and life/annuity companies; the U.S. captive composite's continued outperformance over its commercial peers and the potential impact of Mexico's approaching risk-based solvency regime: http://www.ambest.com/v.asp?v=firstmonday814.
  • Interview: What's Behind the Catastrophe Bond Craze: Florida's Citizens Property Insurance Corp. (Citizens) launched a $1.5 billion catastrophe reinsurance bond, the largest in the industry. Meg Green interviews Jennifer Montero, chief financial officer of Citizens and examines how the unusual coverage works. Additionally, Best's Review's Angelo Lewis interviews A.M. Best's Managing Senior Financial Analyst of Insurance Linked-Securities, Asha Attoh-Okine, on catastrophe bond activity for the first half of 2014 and how the deluge of private capital is transforming the reinsurance industry: http://www.ambest.com/v.asp?v=catbonds814.

A.M.BestTV covers exclusive A.M. Best information and reports, targeted topics and key developments in the (re)insurance industry every Monday, Wednesday and Friday. Sign up for alerts of episodes at http://www.ambest.com/multimedia/ambtvsignup.html. View A.M.BestTV episodes at www.ambest.tv.

A.M. Best Company is the world's oldest and most authoritative insurance rating and information source. For more information, visit www.ambest.com.

Copyright © 2014 by A.M. Best Company, Inc. ALL RIGHTS RESERVED.


[ InfoTech Spotlight's Homepage ]


blog comments powered by Disqus

FOLLOW US

Subscribe to InfoTECH Spotlight eNews

InfoTECH Spotlight eNews delivers the latest news impacting technology in the IT industry each week. Sign up to receive FREE breaking news today!
FREE eNewsletter