While enterprise risk management and predictive underwriting models should theoretically dampen cycles, it's na?ve to think property-casualty insurance management teams will universally follow their indications, executives said here.
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.”
“I don't think that [management resolve] is as freely available or as widely distributed” as sophisticated tools, he added during a panel discussion at Standard & Poor's 2007 Insurance Conference.
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.
