NEW YORK--While enterprise risk management and predictive underwriting models should theoretically dampen cyclical pricing swings, it's na?ve to think property-casualty insurance management teams will universally follow their indications, executives said here.
Their comments came during a panel discussion at Standard & Poor's 2007 Insurance Conference.
Ramani Ayer, chairman and chief executive officer of The Hartford, said "tools are only one part of the game. Management will--management resolve--is the key differentiator in terms of when we decide that terms are unacceptable and we'd better stop kidding ourselves."
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- 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
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.