Tailor-made for profit.
Modelling marine portfolios to assess their profitability has helped marine underwriters achieve more positive returns, argues Raj Ahuja of non-life actuarial consultant EMB. The question now is how capital providers can maintain the advances that have been made.
A senior marine underwriter confided two years ago that he wasrelatively happy about underwriting at a loss. As he put it, everyone was
doing it and at least he was losing less money than many of
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