By Tom Troceen, Chief Technology Officer, DW Simpson In the wake of several very public data breaches, concerns about cyber risk and the cost associated with it continue to rise. As industries familiarize themselves with cyber security insurance, the main questions companies have are:“What type of coverage isavailable?” and “What...
Alternative Capital in Reinsurance
By: KC Cho, Partner Alternative capital has been, and continues to be, a hot topic in reinsurance, as hedge funds and pension funds have flooded the market with capacity, increasing competition and creating downward pressure on rates (particularly in property catastrophe). According to Aon Benfield, the amount of alternative capital...
Developments & Trends in Life Reinsurance
By: Julie Garwood, Manager and KC Cho, Partner, DW Simpson As seen in the property and casualty reinsurance industry, low interest rates and alternative capital are making an impact in the life reinsurance market. The soft reinsurance market has been and continues to put pressure on reinsurers, requiring them to...
International Actuarial Trends and Perspectives
With the 2014 International Congress of Actuaries (ICA) upon us, the time is ripe to highlight some trends we are seeing in the international insurance market. Regardless of where they are domiciled, companies are facing similar question marks when considering current and upcoming regulations, changing economies, and new, more effective...
Trends in Actuarial Hiring
By: Margit Vogele, Manager & Sean Loboda, Manager The demand for Actuaries and analytics professionals has increased greatly in the aftermath of the recent financial crisis. While the market has proven to be competitive across all lines of business, we have seen the strongest increase in activity within the Health...
Global Growth: CERA
By: Jason Blundy, Sr. Recruiter & Dave Benton, Partner As companies within the insurance, financial and other related industries have worked to expand their businesses in search of growth opportunities, the need for enterprise-wide risk strategies has become increasingly clear. Moreover, the impact of the “Great Financial Crisis” and resultant...
Trends In Predictive Analytics
Analytics is a growing area in all industries and we’ve seen a particular emphasis on data analytics and modeling in the insurance world. Strong analytical analysis – in particular, predictive modeling – leads to more precise claims determination as well as pricing sophistication. Furthermore, better data analysis saves companies both...
Healthcare Analytics: Prognosis Positive
More—and more complex—healthcare data is available today than ever before. With this comes the opportunity to better understand healthcare drivers, reduce errors and waste and manage costs. Likewise, business expectations understandably have increased across the board in today’s healthcare environment. Because the field of healthcare analytics is developing quickly, its...
Spotlighting Trends-Predictive Modeling, Economic Capital Modeling & Catastrophe Modeling
As we navigate the effects of the global financial crisis, it’s important for Actuaries to take stock of their analytic capabilities. The application of various modes of modeling is paramount in understanding how the Actuarial profession can continue to contribute and thrive. Actuaries historically have been at the forefront of...
