The company has solid controls and adequate capability for key underwriting risks
; however, A.M.
Tunis Re's risk-adjusted capitalisation has increased to a strong level over the past five years, bolstered by two capital injections, as well as retained earnings, which have increased the capital base from TND 68.6 million at year-end 2011 to TND 191.3 million at year-end 2016, whilst underwriting risks
have only increased moderately over the same period.
The average 'combined ratio' remained satisfactory at 92%, helped by ongoing premium adjustment based on underwriting risks
. Aggregated net insured losses stemming from the Kumamoto earthquake in April 2016 have had only a negligible impact on FYE17 earnings.
We also expect that a requirement for actuarial-led reserve-setting, monitoring and reporting will enhance reserve adequacy and improve underwriting profitability by encouraging insurers to set premiums in line with underwriting risks
and become increasingly selective about the risks they underwrite.
(NYSE: MKL) is a specialty insurance company, underwriting risks
that many well-known larger insurers don't.
David Pruett, chief executive officer, retail network division, BB&T Insurance, believes the challenges facing the workers' comp segment today may benefit insurers in the long run, as companies are forced to concentrate more on properly underwriting risks
Local correspondents or managing general underwriters also serve to guide producers through the regulatory complexities that go along with underwriting risks
through surplus lines carriers--something most life and health producers have little experience with.
Evidencing this flexibility, on 10 August 2010, a USD6m (EUR4.7m) capital contribution was made to Service Insurance to support its planned growth and underwriting risks
associated with potential weather-related losses, AM Best added.
As a way to discourage unhealthy competition and improve the overall caliber of corporate bond underwriting, the task force proposes limiting the pool of lead managers to specialized bond dealers fully capable of taking on underwriting risks
and giving more favorable considerations to securities firms that arrange due diligence and meetings with prospective investors during the underwriting in performance review of the specialized bond dealers.
''Nisshin Fire is implementing a differentiation strategy to reduce and diversify its underwriting risks
by shifting its focus squarely onto its retail business for individual consumers, and away from commercial insurance, and reduce its risk assets,'' Kai Nakajima, an S&P credit analyst, said.
The good news is that the existing database for evaluating and underwriting risks
against terrorists acts in the United States does not provide a statistically significant sampling.