ERisk and RMS announced they will host an hour-long online event for the property/casualty insurance industry on June 7, 2001.
ERisk and RMS will overview the latest approaches for measuring risk in terms of economic (required) capital and for measuring profitability in terms of risk-adjusted return on capital, or RAROC.
This session presents property/casualty RAROC, an adaptation of the banking approach to the property/casualty industry. The conference will also include a case study of how The St. Paul Companies has used the property/casualty RAROC framework, in conjunction with their own data and “best of breed” actuarial analytics, to arrive at an effective and practical capital allocation tool for the enterprise.
Who: Paul Brehm, Chief Corporate Actuary of The St. Paul Companies Peter Nakada, VP of Business Development at Erisk.
Topic: P&C RAROC: A Practical Approach to Linking Risk, Capital, and Value.
Agenda: Assessing capital adequacy vs. all risks — liabilities and investments; Communication with stakeholders — rating agencies and equity analysts; Line of business capital attribution, and return on capital (RAROC); Measuring the benefits of diversification between cat and other risks; Calculating risk-based combined ratio targets.
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