Tag: Risk
-
Reinsurance and Profitability of an Insurance Company (A Symbiotic Relationship)
One essential aspect of the insurance business is reinsurance, which plays a significant role in enhancing the profitability of primary insurers. In this extensive discourse, we delve into the intricacies of reinsurance and its relationship with the profitability of an insurance company. Read more
-
Insured Should Ensure in Any Insurance Cover
When obtaining an insurance policy, it is essential for the insured to carefully review the terms and conditions to ensure they have adequate coverage. Here are some key aspects that the insured should make sure to have in any insurance cover: Read more
-
Reinsurance Statistical Methods
Statistics plays a crucial role in reinsurance, as it provides the tools for analyzing data and making informed decisions. In this response, we will discuss three primary methods of statistics used in the reinsurance industry: (1) Descriptive Statistics, (2) Probability Theory and (3) Statistical Modeling Read more
-
Insurance, Technology and Hidden Effects
The integration of high technology in the insurance industry has brought about numerous benefits but has also led to some hidden effects that are not always immediately apparent. This comprehensive analysis will delve into the hidden effects of insurance companies heavily depending on high technology. Read more
-
Reinsurance Trends
The reinsurance market is currently experiencing several notable trends that are shaping the industry landscape. These trends reflect the evolving dynamics of the global economy, regulatory environment, technological advancements, and changing risk landscapes. Read more
-
Risks of Having a senior manager who worked in an insurance company moved to another insurance company
When a Senior Manager (SM) moves from one insurance company to another, there is a significant risk of conflict of interest. The SM may have insider knowledge about the previous company’s strategies, clients, or proprietary information that could be misused for the benefit of the… Read more
-
Different Faces of the Same Coin of Insurance and Reinsurance Brokers
In the insurance industry, a broker acts as an intermediary between an insurance buyer and insurance companies, helping the buyer find the right insurance policy that meets their needs. A reinsurance broker, on the other hand, acts as an intermediary between insurance companies and reinsurers,… Read more
-
Preferable Investments of Reinsurance Companies
Reinsurance companies are organizations that provide financial protection to insurance companies by assuming a portion of the risk they underwrite. Reinsurers enable insurance companies to manage their risk portfolio better, stabilize their underwriting results, and increase their capacity to write new business. Read more
-
Reinsurance Outlook
Reinsurance plays a crucial role in the insurance industry by providing insurers with a means to manage risk and protect their financial stability. Read more
-
Predictive analytics in relation to an insurance company
Insurance predictive analytics is the process of utilizing data, statistical algorithms, and machine learning techniques to predict future events or outcomes in the insurance industry. Read more
