It seems to me that details in paragraph 6 are pivotal. The value of rigorous, well-devised and implemented ERM programs has paid off in the design and return on reinsurance programs that quelled the harsh impact of the multiple 2017 Nat Cats for many insurers.
Further, looking forward, and over the most recent years results, the sophisticated GLMs (Generaized Linear Models) used by actuaries / underwriters have improved the accuracy of rates and give underwriters insight into risks to target or avoid. With more accurate rates as an a priori estimate, often on a near granular level of detail, initial reserves are likely to be more accurate (for larger carriers – that use ERM and GLM), leading to the lower levels of reserve redundancies taken in subsequent years.
Investment results with a record high stock market and substantial tax relief for corporations will tend to buoy net results.
Go President Trump, make America great again!
It seems to me that details in paragraph 6 are pivotal. The value of rigorous, well-devised and implemented ERM programs has paid off in the design and return on reinsurance programs that quelled the harsh impact of the multiple 2017 Nat Cats for many insurers.
Further, looking forward, and over the most recent years results, the sophisticated GLMs (Generaized Linear Models) used by actuaries / underwriters have improved the accuracy of rates and give underwriters insight into risks to target or avoid. With more accurate rates as an a priori estimate, often on a near granular level of detail, initial reserves are likely to be more accurate (for larger carriers – that use ERM and GLM), leading to the lower levels of reserve redundancies taken in subsequent years.
Tax, careful on the word parsing. You may attract some Progressive Socialists to the blog.