Sector insurance risk report
Insurance, reinsurance and insurance brokerages their livelihoods classification risk profiles of others - to analyze, minimize and financing. But what is, with its own risks? Are they atypical? If yes, what are they and how to operate these industry players to manage? What are the questions they ask themselves the question? And to what degree, if ever, done all its know-how, they are better in this game, when it comes to managing risks in their business.During the preparation of the insurance industry risk Report, Risk & Insurance asked these questions and more insurers, reinsurers and brokers, as well as two industry analysts.
For the greater part of industry players to find a little difference, if ever, between its own profiles and risks to the public.
The analyst expected the industry significantly its own risk and another far more difficult to handle than other companies. It is indifferent to the industry’s ability or willingness to participate in the mode where correspondence with its own risk management (See also accompanying story).
Risk through the eyes of a reinsurer
Andreas Beerli, CEO of the Americas division of Swiss Reinsurance Co., is one, believes that the risks related to insurance / reinsurance, the company is “fundamentally different” risk in most other businesses, at least In this respect: for insurers and Réassureurs, risk assessment - Transfer is a product. “The acceptance and diversification of risk is the main activity of a reinsurer,” said Beerli. “Risk is our business”, while for others the risk is “an unwanted by-product” to manage and transfer
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