Finding certainty in uncertainty

blaisepascalold

A shift in risk management behaviour is observed during the kind of serious economic downturn now being experienced. People replace their belief in quantitative probability distributions with a less concrete acknowledgement of ‘uncertainty’. This leads to a set of scenarios that aims to represent the most relevant uncertain future states of the economy. Scenarios based on (recent) past frequency distributions do not determine the view on risk; instead the experience of practised men is the key

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The future of life insurance

As the world constantly evolves and changes, so too does the life insurance industry, which is preparing for a multitude of challenges, particularly in three areas: interest rates, regulatory mandates and technology (software, underwriting tools and…

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