The International Underwriting Association held a catastrophe modelling conference last week and it produced some interesting exchanges and threw up some potential issues for the future.
IUMI President Ole Wikborg’s opening remarks kept in line with the chosen theme of this year’s conference; Marine insurance – the Evolution of Risk, Safety and Security. And he does not paint a pretty picture.
A recent report by SwissRe telling insurance companies that the Asia Pacific population has seen a huge increase in the mortality protection gap must sound deftly sweet to reinsurers...
About six years ago I was sitting in the Fairmont Hotel in Monte Carlo at the Rendezvous with Professor Bill McGuire from the UCL Benfield Hazard Research centre talking all things global warming.
The old saying of "can you really believe what you read in the press?" has been tested this week. The Financial Times ran a story quoting sources which said Solvency II will be delayed for 12 months.
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