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Daily Insurance Industry News
Friday 19th of January 2018
August 27, 2011

Guy Carpenter launches Risk Benchmarks report

by Gill Montia

Story link: Guy Carpenter launches Risk Benchmarks report

Guy Carpenter has published its first Industry Risk Benchmarks report for insurers, which provides risk benchmarks for loss ratios and reserves, by line of business, for coefficient of variation (standard deviation/mean), correlation and cycles.

The benchmarks are based on a database of industry information that includes the reported financial results of hundreds of insurance companies over a thirty-year period.

They can be used to assess the risk parameters used in insurers’ economic capital models.

Developed in conjunction with Risk Lighthouse, the report is available upon request to clients of Guy Carpenter only.

The reinsurance specialist’s head of global advisory, Don Mango, comments: “We developed the risk benchmarks as a timely tool to help insurers in their economic capital
modelling, with detailed explanations on what they mean and how they can be used.”

 

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