With over 62% of airplanes grounded in April, the value of the top 10 insured airports has shifted, said Suki Basi, managing director, Russell Group speaking to AM Best TV.
Soft market hinders data collection, says Russell Group CEO
Risk modelling products haven’t been developed in speciality lines as much as other classes such as catastrophe partly because of the lack of data, according to Suki Basi, Russell Group CEO. “The market is soft so asking for more data is sometimes difficult. You get what you are given and you feel if you can’t make a decision, someone else will. There is plenty of that going on,” Basi explains in this interview he gave to Reactions magazine in Baden Baden. You can read the article on page 10.