Pursuit of P3s Can Be Risky By Peter Fogel To help prospective bidders on public-private partnership (P3) projects manage and assess risks, it is important to look at two key factors.
Seizing the opportunity to take a broader view of risk tech By Insurance Thought Leadership "Risktech" has emerged as technology solutions that will help mitigate risk by more effectively navigating the digitization of the risk profile of organizations.
Why Warren Buffett Is Surely Wrong By Vijay Padmanabhan He said “the annual probability of a U.S. mega-catastrophe causing $400 billion or more of insured losses is about 2%.” That is way too high.
How to Define Risk in Investment Portfolio By Daniel Wallick However an organization defines its risk tolerance, how does it know its portfolio is in line with its perception of risk?
Cognitive Biases and Risk Management By Alexei Sidorenko Decision-making shortcuts can be useful but may lead to inaccurate judgments in complex business situations of high uncertainty.
How to Address Environmental Risk By Allyson Coyne Veronica Benzinger Representations and warranties insurance has emerged as a common tool in the current M&A market.
Formula for Creating a Positive Risk Culture By Donna Galer It makes sense that insurers should be excellent at managing their own strategic, financial and operational risk. But is that always the case?
How to Improve 'Model Risk Management' By Michael Porcelli Henry Essert An essential starting point for insurers initiating an MRM program is to develop an inventory of their models.
The Promise of Continuous Underwriting By Bill Deemer Bobby Touran Typically, a risk is underwritten, bound... and forgotten. But new streams of data and automation allow for continuous underwriting.
Convergence and the Insurance Ecosystem By Stephen Applebaum Alan Demers Companies must anticipate the future, innovate beyond their core and transform their capabilities as rapidly as technology allows.
Lemonade's 'Synthetic Agent' Nonsense By Matteo Carbone Desperate for growth, Lemonade produces another howler: A lender receiving a 16% interest rate is presented as a (synthetic) agent.
Auto Insurance in an Existential Crisis By Stephen Applebaum Alan Demers The 125-year-old, $300 billion U.S. auto insurance industry is caught between runaway inflation and strained consumer wallets.