Magazine article Risk Management


Magazine article Risk Management


Article excerpt

"I think everyone in the industry would be interested in reducing the complexity of models, making things more transparent and thus easier to understand. We ought to have learnt in the years since the financial crisis that our economic capital models need to be more dynamic and more insightful. "

- Markus Stricker, director of the Willis Economic Capital Forum, on how the insurance industry uses models


In September, A.M. Best ranked the world's reinsurers based on gross premiums written (to unaffiliated assumed business, based on 201 1 results).

1. Munich Reinsurance Company - $33.7 billion

2. Swiss Reinsurance Company Limited - $28.6 billion

3. Hannover Rueckversicherun^ AG - $15.7 billion

4. Berkshire Hathaway Inc. - $15.0 billion

5. Lloyd's- $13.6 billion

6. SCOR S.E- $9.8 billion

7. Reinsurance Group of America Inc. - $7.7 billion

8. China Reinsurance (Group) Corporation - $6.2 billion

9. PartnerRe Ltd.- $4.6 billion

10. Korean Reinsurance Company - $4.6 billion

11 . Everest Re Group Ltd. - $4.3 billion

12. Transatlantic Holdings, Inc. - $4.0 billion

13. MAPFRE RE, Compania de Reaseguros, S.A. - $3.4 billion

14. London Reinsurance Group Inc. …

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