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.
The Accumulation Game
Unless underwriters tackle accumulation risk and bind, control and embed it into their culture they will end up with accumulation risk across hubs. An underwriter in one location might accumulate risk with other people across the organisation. The problem is often that there isn’t effective communication across companies – it’s a huge issue for today's increasingly hard-pressed underwriting community.
In an article published in Inside Fac magazine, Suki Basi outlines the specialty class (re)insurance challenges in 2016 and proposes a way forward.