European Windstorm Modeling – Another Step Forward

Contributor: Dr. Malcolm Haylock, Senior Researcher, Climatologist, Group CAT Research and Modeling.
Date: 9/5/2012
PartnerRe researchers have used state-of-the-art climate models to generate over 2,500 European windstorms. These models provide CatFocus^® with additional, high quality storm data for risk evaluation and enable objective quantification and validation of the uncertainty associated with loss return periods, often a problem area in windstorm modeling.
Tags: Europe, Catastrophe perils

Center Stage, Best Estimates

Contributor: Romain Bridet, Life, PartnerRe; Agnes Bruhat, Life, PartnerRe; Alexander Irion, Life, PartnerRe; Esther Schutz, Life, PartnerRe
Date: 4/4/2012
Setting Best Estimate assumptions is a critical element of pricing, reserving, financial reporting and solvency analysis. But what are the inputs, what’s the process and what needs to be considered along the way? The authors of a new PartnerRe report outline the development stages.
Tags: Europe, Latin America, Life & Health, Non-specific, Middle East, Australia & Asia

Protecting Man’s Feats of Engineering

Contributor: Gero Stenzel, Senior Underwriter Facultative Engineering, PartnerRe
Date: 4/4/2012
Civil Engineering Completed Risks (CECR) protects completed, man-made structures from sudden and unforeseen damage. Interest in the line is growing; recent catastrophes highlight the exposure and private investment in infrastructure is on the up. We review this cover and indicate important underwriting considerations.
Tags: Europe, Latin America, Non-specific, Engineering, Middle East, Australia & Asia, U.S.

Outlook for U.K. Critical Illness Product

Contributor: Donal O’Leary, Life Client Partner, U.K. and Ireland; Dr. Christopher Reynolds, Mortality Actuary, U.K. and Ireland; John O’Neill, Head of Life U.K. and Ireland
Date: 11/1/2011
A recent PartnerRe survey canvassed the views of a wide range of professionals in the UK critical illness market on their satisfaction with the industry review process and how they think the product may develop in the future.
Tags: Europe, Life & Health

A Deadly Cocktail of Drinks, Drugs & Stress

Contributor: Maeve Fleming, Life Client Partner U.K. & Ireland, PartnerRe; Stuart Johnson, Head of Life Underwriting & Claims U.K. & Ireland, PartnerRe.
Date: 7/1/2010
Actuarial risk profiles are based on general population mortality statistics and insured population claims experience. Medical underwriting identifies risks that are consistent with those risk profiles and thus delivers an appropriate and correctly priced risk portfolio – but, it can only do that if it is fully capturing all the material risk factors. Our research from the U.K. life protection market shows that lifestyle risks are a major risk factor for the under 40's, but that these risks are not adequately captured by medical underwriting. A similar study in the U.S identified a similar problem. We present the results of our study and propose improvements that would help to resolve this discrepancy.
Tags: Europe, Life & Health

Poised for Prominence in Life

Contributor: Joanna Atkin, Life Pricing Actuary for the UK & Ireland, PartnerRe, John O’Neill, Head Life Market UK & Ireland, PartnerRe
Date: 8/31/2009
Critical illness insurance is an important and appealing life protection cover, offering policyholders the comforting reassurance of an immediate lump sum payment on diagnosis of a defined critical illness or need to undergo a defined serious medical procedure. Mortgage related sales have been particularly well received.
Tags: Europe, Life & Health