Daily Insurance Industry News
 
 
Daily Insurance Industry News
Thursday 22nd of February 2018
December 6, 2010

Guy Carpenter’s CasCat “Insurance Initiative of the Year”

by Gill Montia

Story link: Guy Carpenter’s CasCat “Insurance Initiative of the Year”

Guy Carpenter’s CasCat model has been named “Insurance Initiative of the Year” at the Insurance Day 2010 London Market Awards, which recognise outstanding work in the London (re)insurance market.

CasCat, which is based on an integrated evaluation of an entire casualty portfolio, was developed in conjunction with risk-modeling specialist, Arium.

It enables insurers to adopt a proactive approach to evaluating catastrophe exposure and measuring the potential impact of a given scenario.

Guy Carpenter’s global CEO of analytics, capital markets, specialty practices and advisory, Bill Kennedy, comments: “CasCat is yet another example of the ways in which we design value-added, integrated solutions that meet our clients’ risk and capital management needs.”

The firm’s head of global advisory, Don Mango, adds: “The rise in frequency and severity of casualty catastrophes is symptomatic of an increasingly complex business environment driving greater exposure accumulations.”

Guy Carpenter has also recently analysed and reported upon the industry-wide impact of the natural catastrophe scenarios provided in QIS5, the European Commission’s fifth and most recent Quantitative Impact Study.

 

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