Financing risk in the 21st century: can America afford it?

Article Abstract:

Insurance firms and homeowners must become aware of the problems concerning risk financing in regions frequently struck by natural calamities such as earthquakes and hurricanes. Severe disasters such as Hurricane Andrew in 1992 and the Northridge Earthquake in 1994 have resulted in huge payouts and losses for both insurers and homeowners. Such catastrophes, while not completely predictable are sure to be repeated. These disasters must be prepared for through financial means such as tax incentives for building and through preventive measures such as better building codes.

Direct Property and Casualty Insurance Carriers, Other Justice, Public Order, and Safety Activities, INSURANCE CARRIERS, Fire, marine, and casualty insurance, Fire & Theft Insurance, Disaster Insurance Programs, Management, Finance, Natural disasters, Insurance, Property and casualty insurance industry, Business insurance, Homeowners' insurance, Risk (Insurance), Disaster insurance

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Evaluating the financial security and solvency of reinsurers

Article Abstract:

Both quantitative and qualitative issues must always be included when evaluating a reinsurer's financial status. This is because historical data obtained by quantitative methods are often limited in that they do not reveal a reinsurer's spread of risk, net retentions, underwriting practices, asset quality and level of exposure. Besides these, other factors which must be evaluated include surplus, loss reserves, retrocessional support as well as country-specific social, economic and political information concerning their exposures abroad.

Evaluation

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Reinsurance in the U.S. by the year 2000

Article Abstract:

Increasing globalization will force players in the US reinsurance market to continue to consolidate until the year 2000. This was the consensus of Employers Reinsurance Corp. CEO Kaj Ahlmann, Zurich Reinsurance Center CEO Steven M. Gluckstern and Munich American Reinsurance Co. CEO John N. Lombardo. According to the three reinsurance executives, the market will flock only to reinsurers with 'the highest ratings of financial strength.'

Industry Overview, Forecasts and trends, Insurance industry

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