WIN Magazine - Summer 2014 - (Page 35)

FEATURE CATASTROPHE BONDS: LOOKING BY WHITNEY RHYMER 2014 White Paper Winner FORWARD W ITH THE INCREASED concentrations of wealth in catastrophe-prone areas, and forecasts of increased frequency of extreme catastrophes, property losses from these devastations are projected to increase over time. Associated with increased expected catastrophe losses is increased concern about extreme, "tail end" events, those believed to have less than a one percent chance of happening. These events are so rare that experience doesn't help to accurately predict them. For a property insurer, these events can be financially debilitating. As a consequence, admitted insurance companies do not always have the capacity to assume these correlated and potentially fatal risks. W I N | S u m m e r 2 0 14 | 3 5

Table of Contents for the Digital Edition of WIN Magazine - Summer 2014

Cover Story: High Risks on the High Seas
The Rising Importance of Property Catastrophe Risk in the “New Normal” of the Nonadmitted Market
Claims Leakage: Plugging the Hole with Predictive Modeling
Managing Casualty Risks
Understanding the Data Viability and Uses for Underwriting Commercial Auto
2014 AAMGA Wholesale Insurance White Paper Winner: Pandemic Insurance in the Excess and Surplus Lines Insurance Industry
2014 AAMGA Wholesale Insurance White Paper Winner: Catastrophe Bonds: Looking Forward
Organizing Emerging Risks: AAMGA Formalizes a Collaborative Approach
In the WIN-ner’s Circle
Index to Advertisers

WIN Magazine - Summer 2014