The Modalities of Marine Cargo Insurance
Marine transit insurance policies are issued to cover dispatches from anywhere in the country to anywhere in the country. No such policy should be issued without specifying the originating point…
Sum insured in the Standard Fire Policy
Under the Fire Insurance policy the Underwriters agree that "If after payment of the premium the Property Insured described in the said Schedule or any part of such Property be…
Risk – Fear – Life and Uncertainty
The word Risk always excited and intrigued human mind...though it was never the case that all people liked Risk. After the word 'Love' the most discussed word by human beings…
Swiss Re reports strong 2010 results with full-year net income of USD 863 million
Swiss Re reports strong results for 2010, reflecting the sustained earnings power of its business and the strength of its client franchise. The company achieved full-year net income of USD…
Munich Re posts profit of over €2.4bn for 2010 and raises dividend to €6.25
On the basis of preliminary estimates, Munich Re achieved a consolidated result of €2.43bn for 2010 (previous year: €2.56bn), despite substantial major losses.
Munich Re posts profit of over €2.4bn for 2010 and raises dividend to €6.25
On the basis of preliminary estimates, Munich Re achieved a consolidated result of €2.43bn for 2010 (previous year: €2.56bn), despite substantial major losses.
Is Actual ignition requisite for a spontaneous combustion loss?
Spontaneous Combustion is nitpicky issue in Fire insurance. It is a matter of great concern for industries that deal with substances that are prone to spontaneous combustion like
Natural Catastrophes in 2010
Several major catastrophes in 2010 resulted in substantial losses and an exceptionally high number of fatalities. The overall picture last year was dominated by an accumulation of severe earthquakes to…
Capital Consumption: An Alternative Methodology for Pricing Reinsurance
This paper introduces a capital consumption methodology for the price evaluation of reinsurance in a stochastic environment. It differs from the common practice of risk-based capital allocation and release by:…
A Risk Managers Guide to Reinsurance Cut-Throughs Questions
A valid cut-through provision allows an individual or entity that is not a party to the contract with the reinsurer (i.e., the insuredemployer) to have direct rights against the reinsurer…