Liability dynamics and its modelling implications: a fresh approach to Swiss Re's Casualty risk modelling
07 Nov 2011
Risk complexity, lack of transparency and risk driver dynamics are constant challenges in the casualty insurance business. But as Werner Schaad, Managing Director for Casualty Products Underwriting, explains, new models can show a clearer picture of the link between liability events and related claims costs. It is all part of Swiss Re's fresh approach to casualty risk assessment, modelling and pricing.