Ceding Company Considerations Broker Service and CAT Models

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Presentation transcript:

Ceding Company Considerations Broker Service and CAT Models * 07/16/96 Ceding Company Considerations Broker Service and CAT Models Wanchin W. Chou, FCAS, MAAA Liberty International 2006 Seminar on Reinsurance New York Hilton June 1-2, 2006 6/1/2006 *

Broker Service Quality * 07/16/96 Accuracy of Presentation CAT Modeling Service Creativity Broker Reinsurance Placement Claims Service Pricing Local Office Backroom Capabilities 6/1/2006 *

The Adequacy Of Reinsurance? * 07/16/96 The Adequacy Of Reinsurance? 6/1/2006 *

Reinsurance Needs Geographic: Where is the risk located? * 07/16/96 Reinsurance Needs Geographic: Where is the risk located? What are the underlying requirements? 6/1/2006 *

Reinsurance Needs (Contd.) * 07/16/96 Reinsurance Needs (Contd.) Catastrophe Loss: Hurricane Earthquake Others 6/1/2006 *

Reinsurance Needs (Contd.) * 07/16/96 Reinsurance Needs (Contd.) Risk Exposure: What type of Product? liability? property? business? Loss control environment 6/1/2006 *

Which CAT Models? AIR, EQE, or RMS? In House Models or Brokers? * 07/16/96 Which CAT Models? AIR, EQE, or RMS? In House Models or Brokers? Model Comparison Accuracy & Prediction 6/1/2006 *

Achieving a Balance Different Models = Cost & Accuracy 6/1/2006 * 07/16/96 Achieving a Balance Different Models = Cost & Accuracy 6/1/2006 *

Reinsurance Placement * 07/16/96 Reinsurance Placement Reinsurer Capacity Know-how Best deal? 6/1/2006 *

Other Considerations Claims & Service Creativity Local Office * 07/16/96 Other Considerations Claims & Service Creativity Local Office Backroom Capabilities Brokers’ relationship with regional operation Market Intelligence 6/1/2006 *

* 07/16/96 Questions ? 6/1/2006 *