models News

Towers Watson: Weak Risk Culture Equals Weak Organization

A new poll, conducted at a recent Towers Watson Solvency II seminar, concludes that “almost half of insurers do not have an effective way of measuring and managing the risk culture within their organization.” As a result, Towers Watson warned …

Aon Benfield: Cat Losses, Solvency II Demand Better Model Evaluation

Aon Benfield, the global reinsurance intermediary and capital advisor of Aon Corp., notes that it will be “highlighting how recent natural hazards – coupled with Solvency II – have fuelled demand for more in-depth evaluation of catastrophe models,” at its …

Insurance Industry Worries about Growing Risks from Climate Change

Insurers are struggling to assess the risks from climate change, industry officials say, with the floods in Australia and Brazil highlighting the potential losses from greater extremes of weather. Scientists say a warmer world will cause more intense drought, floods, …