Insurers must look beneath the surface to understand risks, survey says

10/4/2009 | PropertyCasualty360

A study that looked into the subprime mortgage problem and the financial crises that followed shows insurers should go beyond the surface data produced by models and mathematical analysis to get a good understanding of risk exposures. P/C insurers also should consider macro economic risk, systemic risks with the underwriting cycle and natural catastrophes as major industry risks, according to the study, which was sponsored by the Society of Actuaries.

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