Be the first to like this
Risk issues at property/casualty companies arise from fundamentally different risk drivers from those that affect life insurers. Non-Life ERM is far from just a clone of life-side ERM. While risk managers may employ concepts like duration, the treatment objective can be significantly different from common understandings and involve complex analyses of going-concern considerations, cash-flow volatility and liquidity issues. In addition P/C risk management critically focuses upon tail events and extreme outcomes and the intricate funding thereof.
This presentation approaches risk management from the unique perspective of the general insurer, highlighting key methodological differences and recent advances in risk identification and quantification. A close look at prevailing risk metrics and presentation approaches is also provided.