The two main things which makes or break an insurance company is pricing their buisness and reserving their losses. How any regulator not entirely entrenched in our business figures they’ll be able to regulate that is beyond my comprehension. Given numbers provided by the insurer on a spreadsheet just doesn’t cut it in my mind. Good luck. BTW, I don’t know how Bests does it either which is why they have had such spectacular failures.
Thanks for the suggestion, IME. How about you worry about Greece and how they are actually going to pay back the billions that they owe? Maybe you should focus on the next European country that is about to follow Greece’s footsteps?
The two main things which makes or break an insurance company is pricing their buisness and reserving their losses. How any regulator not entirely entrenched in our business figures they’ll be able to regulate that is beyond my comprehension. Given numbers provided by the insurer on a spreadsheet just doesn’t cut it in my mind. Good luck. BTW, I don’t know how Bests does it either which is why they have had such spectacular failures.
Thanks for the suggestion, IME. How about you worry about Greece and how they are actually going to pay back the billions that they owe? Maybe you should focus on the next European country that is about to follow Greece’s footsteps?
We already have enough regulation and oversight.