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.
Read the full Inside Fac article below: