Through its ALPS suite of products, Russell Group delivers better scenario modelling to give more accurate pricing in
underwriting risk management across the specialty insurance classes, including aviation and casualty.
Regulators now suggest that, at a typical health insurer, growth in RBC levels should be about 10 percentage points higher than growth in
underwriting risk revenue.
Underwriting Risk Services (Middle East) Limited, the JV of Abu Dhabi National Insurance Company (Adnic) and Talbot Underwriting, has won a licence to operate from the Dubai International Financial Centre (DIFC).
Abu Dhabi National Insurance Company (ADNIC) has set up
Underwriting Risk Services (Middle East) (URSME), a managing general agency based at the Dubai International Financial Center (DIFC).
Should we take more
underwriting risk during hard markets and more investment risk when markets are soft?
A foreign bank's underwriting of securities to be distributed in the United States is considered an activity conducted in the United States, regardless of the location at which the
underwriting risk is assumed and the underwriting fees are booked.
These contracts are based on the underwriting losses of a large pool of policies; accordingly, futures allow for explicit trading of the systematic
underwriting risk within a line of insurance, that is, the
underwriting risk that cannot be diversified away by writing policies in one line of insurance.
Best anticipates Civic Assurance will maintain adequate capitalization through retained earnings to support the higher level of
underwriting risk inherent within its commercial risk oriented book of businesses.
Financial: Terrorists want to do damage to the stability of the world economy: For this reason, modes of transport and financial districts are a bigger
underwriting risk than a rural farmer's market.
These risks and uncertainties include the impact of general economic conditions and conditions affecting the insurance and reinsurance industry, the adequacy of our reserves, our ability to assess
underwriting risk, trends in rates for property and casualty insurance and reinsurance, competition, investment market fluctuations, trends in insured and paid losses, catastrophes, regulatory and legal uncertainties and other factors described in our latest Annual Report on Form 10-K.
While this favorably increases the company's diversification of risk and provides additional revenue, it also adds non-wind
underwriting risk and additional operating risk in servicing these policies.
HCC has traditionally utilized significant amounts of reinsurance to manage
underwriting risk, allowing the company to effectively manage net loss exposures relative to capital and mitigate undue risk concentrations but also creating significant reinsurance recoverable balances and a need to skillfully manage reinsurer credit exposures.
