Robert Bear's Blog on Actuarial and Statistical Modeling Issues

The Economic Times: Reinsurers to set cap on liability claim for disasters

2012-02-11T08:57:00.001-08:00

http://economictimes.indiatimes.com/personal-finance/insurance/insurance-news/reinsurers-to-set-cap-on-liability-claim-for-disasters/articleshow/11843386.cms

Business Insurance: Majority of January property renewals see rate hikes

2012-02-10T14:58:00.001-08:00

http://www.businessinsurance.com/article/20120210/NEWS04/120219996?tags=93|138|58|83|76|64|59

Business Insurance: Technology, capital allocation reshape underwriting, according to an XL executive

2012-02-08T15:40:00.000-08:00

http://www.businessinsurance.com/article/20120208/NEWS06/120209887?tags=58|338|334|335|76

Aside from Losses, Reinsurers Face Risk Management Issues from Thailand Floods | PropertyCasualty360

2012-02-08T08:27:00.000-08:00

Aside from Losses, Reinsurers Face Risk Management Issues from Thailand Floods | PropertyCasualty360

Business Insurance: Commercial insurers lag personal lines in using predictive modeling

2012-02-06T13:31:00.000-08:00

http://www.businessinsurance.com/article/20120206/NEWS04/120209929?tags=58|256|76|70

Insurance Journal: P/C Insurers’ Combined Ratio for 2011 Estimated at 107.5%

2012-02-06T11:10:00.001-08:00

http://www.insurancejournal.com/news/national/2012/02/06/234256.htm

January 2012 Reinsurance Renewal: Property Retrocession

2012-02-03T07:39:00.000-08:00

January 2012 Reinsurance Renewal: Property Retrocession

January 2012 Reinsurance Renewal: United States Casualty

2012-02-02T08:30:00.000-08:00

January 2012 Reinsurance Renewal: United States Casualty

Insurance Journal: Scientists Urge More Study of Nanotechnology Risks

2012-01-26T11:41:00.001-08:00

http://www.insurancejournal.com/news/national/2012/01/26/232698.htm

Business Insurance: Reinsurance pricing firming, especially property catastrophe - Towers Watson

2012-01-25T13:16:00.001-08:00

http://www.businessinsurance.com/article/20120124/NEWS04/120129958?tags=93|153|58|81|80|76|64

Business Insurance: N.Y. court affirms $420M Travelers asbestos award

2012-01-25T13:08:00.001-08:00

http://www.businessinsurance.com/article/20120124/NEWS04/120129954?tags=93|148|58|76|61

Business Insurance: U.S. commercial insurance rates expected to rise this year - Marsh

2012-01-25T12:37:00.001-08:00

http://www.businessinsurance.com/article/20120125/NEWS04/120129934?tags=58|83|81|76|71|64

Chart Room: January 1, 2012 Reinsurance Renewal, Europe Property Castastrophe - Typical ROL Changes

2012-01-19T07:57:00.000-08:00

Chart Room: January 1, 2012 Reinsurance Renewal, Europe Property Castastrophe - Typical ROL Changes

Guy Carpenter: January 2012 Reinsurance Renewal: US Property Market Behavior and Program Structure

2012-01-18T10:24:00.000-08:00

Guy Carpenter: January 2012 Reinsurance Renewal: US Property Market Behavior and Program Structure

Guy Carpenter: January 2012 Reinsurance Renewal: US Property Pricing

2012-01-17T12:10:00.000-08:00

Guy Carpenter: January 2012 Reinsurance Renewal: US Property Pricing

Guy Carpenter’s January 2012, Reinsurance Renewal Report: Executive Summary

2012-01-13T07:17:00.002-08:00

Guy Carpenter’s January 2012, Reinsurance Renewal Report: Executive Summary

Business Insurance article: U.S. property/casualty pricing in early stages of hard market - Survey

2012-01-11T12:38:00.001-08:00

http://www.businessinsurance.com/article/20120111/NEWS04/120119968?tags=58|81|76|73

Business Insurance article: Reinsurance rates mixed at Jan. 1 renewals - Guy Carpenter

2012-01-11T08:04:00.001-08:00

http://www.businessinsurance.com/article/20120111/NEWS04/120119975?tags=93|125|58|81

AM Best says reinsurance rating outlook stable, market 'poised' for pricing turn: Business Insurance Article

2012-01-09T09:55:00.000-08:00

http://www.businessinsurance.com/article/20120109/NEWS04/120109937?tags=58|81

Business Insurance: Largest loss-affected reinsurance programs have yet to renew: Aon Benfield

2012-01-04T12:21:00.000-08:00

2011 Catastrophe Events Inch Market Upward | PropertyCasualty360

2012-01-03T08:28:00.000-08:00

2011 Catastrophe Events Inch Market Upward | PropertyCasualty360

2011 Catastrophe Update: Historical Global Losses, Expensive Losses in the United States, Tropical Cyclones, Outlook for 2012

2011-12-30T11:35:00.000-08:00

2011 Catastrophe Update: Historical Global Losses, Expensive Losses in the United States, Tropical Cyclones, Outlook for 2012

Spatial and Temporal Earthquake Clustering: An Overview of EQECAT’s Perspective - Part II: Temporal Global Earthquake Clustering

2011-12-28T06:43:00.000-08:00

Spatial and Temporal Earthquake Clustering: An Overview of EQECAT’s Perspective - Part II: Temporal Global Earthquake Clustering

Spatial and Temporal Earthquake Clustering: An Overview of EQECAT’s Perspective - Part I: Summary, Mega-thrust Earthquakes

2011-12-27T08:05:00.000-08:00

Spatial and Temporal Earthquake Clustering: An Overview of EQECAT’s Perspective - Part I: Summary, Mega-thrust Earthquakes

Reserve Releases Slow in 2011; Personal Lines Enjoy Greater Redundancies | PropertyCasualty360

2011-12-22T08:02:00.000-08:00

Reserve Releases Slow in 2011; Personal Lines Enjoy Greater Redundancies | PropertyCasualty360

Industry Good Practice for Catastophe Modeling

2011-12-20T14:35:00.000-08:00

Industry Good Practice for Catastophe Modeling

2011-12-19T11:22:00.000-08:00

Industry Good Practice for Catastophe Modeling

Managing Catastrophe Model Uncertainty, Issues and Challenges: Part II, Natural Cat Modeling, Uncertainty in Cat Model Results

2011-12-13T08:24:00.000-08:00

Managing Catastrophe Model Uncertainty, Issues and Challenges: Part II, Natural Cat Modeling, Uncertainty in Cat Model Results

Managing Catastrophe Model Uncertainty, Issues and Challenges: Part I, Executive Summary

2011-12-12T07:37:00.000-08:00

Managing Catastrophe Model Uncertainty, Issues and Challenges: Part I, Executive Summary

Cats, Model Changes Could Reverse Declining Demand in Bermuda Market | PropertyCasualty360

2011-12-10T13:19:00.000-08:00

Cats, Model Changes Could Reverse Declining Demand in Bermuda Market | PropertyCasualty360

Business Insurance: Bermuda market entering 'difficult, promising' renewal season: Best

2011-12-09T12:45:00.001-08:00

www.businessinsurance.com/article/20111209/NEWS04/111209869?tags=58|81|76|64

Business Insurance: Terrorism affects different insurers in different ways: S&P

2011-12-09T12:41:00.001-08:00

www.businessinsurance.com/article/20111208/NEWS04/111209906?tags=58|88|81|76

Property Casualty 360: Commercial Soft Market Has Ended, Says MarketScout

2011-12-08T08:48:00.000-08:00

http://www.propertycasualty360.com/2011/12/06/commercial-soft-market-has-ended-says-marketscout?t=commercial&utm_source=PC360DailyeNews&utm_medium=eNL&utm_campaign=PC360_eNLs

Business Insurance: Despite catastrophes, global reinsurers remain strong: Analysis

2011-12-08T08:43:00.000-08:00

www.businessinsurance.com/article/20111207/NEWS04/111209928?tags=93|103|58|81|64

Business Insurance: Moderate New Madrid quake could cause $50B in insured damage: RMS

2011-12-08T08:29:00.003-08:00

www.businessinsurance.com/article/20111207/NEWS04/111209919?tags=58|340|84|76|64

Guy Carpenter Examines Multi-Model Approach in New Report on Managing Catastrophe Model Uncertainty

2011-12-08T07:34:00.000-08:00

Guy Carpenter Examines Multi-Model Approach in New Report on Managing Catastrophe Model Uncertainty

Business Insurance: U.S. property insurance rates continue to rise in fourth quarter: Marsh

2011-12-02T15:32:00.001-08:00

www.businessinsurance.com/article/20111202/NEWS04/111209978?tags=|59|306|338|76|302

Business Insurance article: 2011 hurricane season losses around $5B: RMS

2011-12-02T08:42:00.001-08:00

http://www.businessinsurance.com/article/20111202/NEWS04/111209977?tags=58|338|81|76|64

RAA: 15 of 19 U.S. Property-Casualty Reinsurers Post Underwriting Loss | PropertyCasualty360

2011-11-30T09:09:00.000-08:00

RAA: 15 of 19 U.S. Property-Casualty Reinsurers Post Underwriting Loss | PropertyCasualty360

Breach concerns rise for health care firms

2011-11-29T08:34:00.001-08:00

www.businessinsurance.com/article/20111127/NEWS07/311279968?tags=|299|329|74|303|335

Business Insurance article: Penn State scandal sharpens focus on risks Colleges expected to review practices in wake of crisis

2011-11-24T08:34:00.001-08:00

www.businessinsurance.com/article/20111120/NEWS06/311209982?tags=|329|75|302

Business Insurance: Catastrophes hit property/casualty income, rates stabilizing: Moody's

2011-11-23T17:54:00.001-08:00

International Regulator Report Says Insurance Poses No Systemic Risk | PropertyCasualty360

2011-11-17T14:57:00.000-08:00

International Regulator Report Says Insurance Poses No Systemic Risk | PropertyCasualty360

Business Insurance: U.S. commercial insurance prices rising: RIMS survey

2011-11-15T10:55:00.001-08:00

NAIC Model Law Reduces Collateral Requirements for Non-U.S. Reinsurers | PropertyCasualty360

2011-11-07T16:06:00.000-08:00

NAIC Model Law Reduces Collateral Requirements for Non-U.S. Reinsurers | PropertyCasualty360

Latest Market Barometer Further Evidence of Stabilizing Rates | PropertyCasualty360

2011-11-07T16:04:00.000-08:00

Latest Market Barometer Further Evidence of Stabilizing Rates | PropertyCasualty360

Globes article: Natural disaster insurance premiums set to rise 5-15%

2011-11-07T08:19:00.000-08:00

A.M. Best Article on Cat Risk Management

2011-11-04T09:20:00.000-07:00

Cat-Risk Management Emphasizes Data Quality, Monitoring Exposures

U.S. likely to achieve Solvency II equivalence: Fitch

2011-11-02T11:04:00.000-07:00

http://www.businessinsurance.com/article/20111101/NEWS04/111109993?tags=158|58|81|77|76|73|72#

GC Capital Ideas: Solvency II Disclosure Requirements

2011-11-02T07:27:00.000-07:00

http://www.gccapitalideas.com/2011/11/02/solvency-ii-pillar-three-disclosure/

Solvency II Pillar Two: Corporate Governance

2011-11-01T14:58:00.000-07:00

http://www.gccapitalideas.com/2011/11/01/solvency-ii-pillar-two-corporate-governance/

Solvency II Pillar One: Capital Requirements

2011-10-27T07:54:00.000-07:00

Solvency II Pillar One: Capital Requirements

Global Influence of Solvency II Remains High Despite Uncertainty of Its Implementation

2011-10-26T07:08:00.000-07:00

Global Influence of Solvency II Remains High Despite Uncertainty of Its Implementation

New Models, Cat Losses Could Drive Double-Digit 2012 Reinsurance Rate Increases, Experts Say | PropertyCasualty360

2011-10-25T13:05:00.000-07:00

New Models, Cat Losses Could Drive Double-Digit 2012 Reinsurance Rate Increases, Experts Say | PropertyCasualty360

Business Insurance article highlights factors increasing flood risks.

2011-10-19T10:40:00.000-07:00

Flood risks underestimated worldwide: Allianz

Timeline: Transitioning to Solvency II

2011-10-19T10:26:00.000-07:00

Timeline: Transitioning to Solvency II

Scientists See Evidence of Great Earthquake Clusters | PropertyCasualty360

2011-10-18T05:51:00.000-07:00

Scientists See Evidence of Great Earthquake Clusters | PropertyCasualty360

Solvency II: Assessing Counterparty Default Risk

2011-10-17T08:13:00.000-07:00

Solvency II: Assessing Counterparty Default Risk

Impact of Solvency II on Primary Insurance Companies: Challenges and Opportunities, Part II

2011-10-14T08:57:00.000-07:00

Impact of Solvency II on Primary Insurance Companies: Challenges and Opportunities, Part II

All those working with proprietary data need to stay ahead of the curve on security precautions and defenses.

2011-10-12T09:03:00.000-07:00

Insurance Journal: Cyber Threats to Expect in Coming Year

GC Capital Ideas: Wildfires in Texas Add to 2011 Modeled Catastrophe Events

2011-09-08T07:12:00.000-07:00

Wildfires in Texas, United States

Top GC Capital Ideas: Update on Terrorism Modeling and Other Interesting Articles

2011-09-07T08:40:00.000-07:00

Top GC Capital Ideas Stories on Modeling

Business Insurance:

2011-08-26T16:56:00.000-07:00

Manufacturer not liable for asbestos injuries caused by third-party supplier’s products: Court August 26, 2011

Fitch: Reserves Remain Adequate, But Recent Years Unlikely to Develop Redundantly | PropertyCasualty360

2011-08-24T07:55:00.000-07:00

Fitch: Reserves Remain Adequate, But Recent Years Unlikely to Develop Redundantly | PropertyCasualty360

Revised NOAA forecast predicts 10 hurricanes | Business Insurance

2011-08-05T09:23:00.000-07:00

Revised NOAA forecast predicts 10 hurricanes | Business Insurance

MetLife says asbestos claims on the rise | Business Insurance

2011-08-05T08:46:00.000-07:00

MetLife says asbestos claims on the rise | Business Insurance

State actor seen behind 'enormous' wave of cyber attacks | Business Insurance

2011-08-03T11:15:00.000-07:00

State actor seen behind 'enormous' wave of cyber attacks | Business Insurance

New asbestos charges point to reserve woes | Business Insurance

2011-07-28T11:28:00.000-07:00

New asbestos charges point to reserve woes | Business Insurance

Focus on Hurricane Season at July 1, 2011 Reinsurance Renewal: Marine

2011-07-14T16:10:00.000-07:00

Focus on Hurricane Season at July 1, 2011 Reinsurance Renewal: Marine

Asbestos trust must exhaust all primary insurance before tapping excess: Court | Business Insurance

2011-07-11T15:34:00.000-07:00

Asbestos trust must exhaust all primary insurance before tapping excess: Court | Business Insurance

2011-07-05T09:05:00.000-07:00

Reuters article: Reinsurance renewals stay flat - Willis Re

Reinsurers hit by three Hurricane Katrina-sized events: Analysis | Business Insurance

2011-07-01T11:23:00.000-07:00

Reinsurers hit by three Hurricane Katrina-sized events: Analysis | Business Insurance

Reinsurance rates uncertain as more capital offsets cats: Willis Re | Business Insurance

2011-06-30T12:59:00.000-07:00

Reinsurance rates uncertain as more capital offsets cats: Willis Re | Business Insurance

Bermuda reinsurer property catastrophe rates on the rise: Analysis | Business Insurance

2011-06-26T16:25:00.000-07:00

Bermuda reinsurer property catastrophe rates on the rise: Analysis | Business Insurance

Succeeding Under Solvency II: Entire White Paper Series

2011-06-24T08:15:00.000-07:00

Succeeding Under Solvency II: Entire Guy Carpenter White Paper Series

2011-06-20T16:46:00.000-07:00

Insurance Journal: Supreme Court Denies Huge Sex Bias Class Action Against Wal-Mart

New Zealand quakes drive insurance market changes | Business Insurance

2011-06-16T15:17:00.000-07:00

New Zealand quakes drive insurance market changes | Business Insurance

2011-06-15T07:45:00.000-07:00

Insurance Journal: A Look at Year-End 2010 Loss and Loss Adjustment Expense Reserve Adequacy

Insurance Journal: Commercial Insurance Prices Still Flat But Workers’ Comp Moving Up

2011-06-14T10:55:00.000-07:00

http://www.insurancejournal.com/news/national/2011/06/13/202339.htm

Midwest storms cause $4bn to $7bn insured damage: InsuranceDay.com

2011-06-08T16:15:00.000-07:00

Midwest storms cause $4bn to $7bn insured damage: InsuranceDay.com

What if the worst U.S. hurricanes happened today? | Business Insurance

2011-06-04T10:39:00.000-07:00

What if the worst U.S. hurricanes happened today? | Business Insurance

Employers Looking Other Way On Employees’ Distracted Driving

2011-06-03T08:05:00.001-07:00

See Insurance Journal article at
http://www.insurancejournal.com/news/national/2011/06/02/200723.htm

In pictures: Tornado damage at Joplin, Mo., hospital | Business Insurance

2011-05-27T09:16:00.000-07:00

In pictures: Tornado damage at Joplin, Mo., hospital | Business Insurance

Repeat Tornadoes Unusual But Not Unknown; Threat Continues

2011-05-27T08:50:00.000-07:00

Click for Insurance Journal article.

The Storms Before the Storms

2011-05-23T11:09:00.000-07:00

"A.M. Best believes primary insurers could face higher reinsurance costs at the upcoming July 1 renewals, given first-quarter 2011 catastrophe losses sustained by global reinsurers and the release of a new version of Risk Management Solutions Inc.’s wind model, as companies evaluate the need for additional reinsurance protection.”
The Storms Before the Storms

‘Everyone will have to carry more capital’ because of RMS model change: InsuranceDay.com

2011-05-06T12:13:00.000-07:00

‘Everyone will have to carry more capital’ because of RMS model change: InsuranceDay.com

Property/casualty failures due to reserves, pricing: Best | Business Insurance

2011-05-05T11:25:00.000-07:00

Property/casualty failures due to reserves, pricing: Best | Business Insurance

Survey: Commercial Lines Prices Fall 3% in Q1 - See Insurance Journal Article

2011-05-04T13:50:00.001-07:00

http://www.insurancejournal.com/news/national/2011/05/04/197274.htm

Judge upholds solvent reinsurer's commutation plan | Business Insurance

2011-04-28T15:48:00.000-07:00

Judge upholds solvent reinsurer's commutation plan | Business Insurance

Overcapacity in P/C Insurance Keeping Commercial Prices Down

2011-04-26T12:12:00.001-07:00

See Insurance Journal article at
http://www.insurancejournal.com/news/national/2011/04/26/196245.htm

Standard & Poor's Report: Expect Increased Volatility, Competition for D&O Insurers

2011-04-23T15:51:00.000-07:00

The Insurance Journal article is at
http://www.mynewmarkets.com/articles/180919/standard-poor-s-report-expect-increased-volatility-competition-for-d-o-insurers

P/C Industry Depends Too Much on Catastrophe Models, Says Pioneer Clark

2011-04-18T09:45:00.000-07:00

Please see Insurance Journal article at
http://www.insurancejournal.com/news/national/2011/04/14/194464.htm

Cat Rates To See Sharp Increase In Some Sectors | PropertyCasualty360

2011-04-07T11:02:00.000-07:00

Cat Rates To See Sharp Increase In Some Sectors | PropertyCasualty360

Guy Carpenter sees U.S. reinsurance prices rising | Business Insurance

2011-04-07T10:57:00.000-07:00

Guy Carpenter sees U.S. reinsurance prices rising | Business Insurance

Commercial Insurance Pricing Cuts Slowed in March

2011-04-07T07:47:00.000-07:00

Commercial Insurance Pricing Cuts Slowed in March: "- Sent using Google Toolbar"

Reinsurance Rates Rising, But Few Agree Where, How Much

2011-04-07T07:39:00.000-07:00

http://www.insurancejournal.com/news/national/2011/04/06/193442.htm

Above-normal Atlantic hurricane season foreseen: London forecaster | Business Insurance

2011-04-07T07:28:00.000-07:00

Above-normal Atlantic hurricane season foreseen: London forecaster | Business Insurance

Catastrophes, wind model pushing reinsurance rates up: Analysis | Business Insurance

2011-04-07T07:23:00.000-07:00

Catastrophes, wind model pushing reinsurance rates up: Analysis | Business Insurance

Insurers warn of 'dire' outcome under Solvency II

2011-04-06T09:19:00.000-07:00

http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/insurance/8427648/Insurers-warn-of-dire-outcome-under-Solvency-II.html?sms_ss=twitter&at_xt=4d9c859da20cbab8%2C1

Japan quake could turn market: Hannover Re | Business Insurance

2011-04-01T10:24:00.000-07:00

Japan quake could turn market: Hannover Re | Business Insurance