For years canny underwriters and actuaries have been calculating the likely largest loss that could arise under property insurance policies.Assessing the probable maximum loss allows those that are so inclined to allocate a sufficient but not inefficient amount of capital to that risk. However, making similar predictions for other lines of cover has proved much more difficult. In credit insurance, risk assessment has relied largely on analysis intended to indicate potential default on corpor
- Tradex borrows £7m to meet Solvency II requirements after Ogden rate hit
- Lloyd’s redundancies: London market forced to focus on cost
- Direct Line's Paul Geddes reportedly linked with ITV CEO role
- 22 dead after explosion at Manchester concert
- Blog: Connected homes should get cheaper premiums
- Dacre Bleu: will the industry act after Daily Mail attack on insurer 'sharks' and 'pirates'?
- Solvency II ratios not comparable across EU and won't be used in ratings, says AM Best