A.M. Best TV – Praedicat CEO: Data, models, experience aid casualty risk management
Praedicat President and CEO Robert Reville discusses the conversations he’s having in Monte Carlo around the growth of casualty, the challenges insurers and reinsurers are facing, and how to meet those challenges.
Bob reveals that he’s seeing clients use new applications of data, analytics, and modeling to power innovative approaches and solutions that manage emerging risks like PFAS, and that clients are underwriting with more surgical precision than ever.
Bob cites how inflation, combined with social inflation is causing an “extra inflationary environment” that is impacting casualty. He discloses how some clients are employing exposure-based reserving – driven by data, analytics, and modeling – to better understand and mitigate risk latency and inflation uncertainty.
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