A Cost/Benefit Framework for Making Rational Insurance Risk Retention Decisions November 7, 2012

A cost-benefit framework for risk retention optimization, combined with a behaviorist approach that accounts for insurance underwriters' tendencies to "over-swing" provides a consistent framework for optimal decision-making. The speaker brings vast knowledge and experience to guide you through with the know-how of Cost/Benefit framework for making rational insurance retention decisions.

Why Should You Attend:

Due to several years of incurring normal losses, including several major catastrophes, major insurers are experiencing rapidly-increasing loss ratios. As opposed to years when investment income is able to more-than-offset underwriting losses, the trend toward higher loss ratios is not being offset by today's paltry investment returns. The result is that insurers are becoming increasingly selective, and pricing is beginning to escalate.

By considering acceptance of higher deductibles, organizations may be able to mitigate pricing increases, or even reduce combined total expenditures for insurance and retained losses. Other organizations, which already retain deductibles near the maximum amount of their comfort level, will face a different set of options.

A cost-benefit framework for risk retention optimization, combined with a behaviorist approach that accounts for insurance underwriters' tendencies to "over-swing" provides a consistent framework for optimal decision-making. This webinar will clarify the aforementioned and guide you through the right approach.

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