For the property-casualty industry 2005 will be remembered asthe year doubt was cast upon catastrophe models, according to a newreport from Ernst & Young.
“The true fallout will occur in 2006 when the industry will beforced to determine its next steps,” said Chris Shea, nationaldirector for the property-casualty division of Ernst & YoungInsurance and Actuarial Advisory Services.
The group's 2006 Industry Outlook forecast that “it will be acrucial period as P-C insurers decide if they will continue toretain and manage catastrophe risk, or if they turn to the capitalmarkets, which could create a significant chain reaction.”
Continue Reading for Free
Register and gain access to:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.