Lloyd’s in collaboration with Arium, published a report that sets out a new data-driven methodology that for the first time allows (re)insurers to model liability exposure probabilistically across their entire portfolios. Advisen provided casualty loss data to support the historical analysis in this paper.
This innovative approach categorizes casualty events based on a company’s business activities – its products and services, operations and infrastructure. This allows insurers to map the economic relationships as products and services move through the economy.
This story is an excerpt of the original. The content originally appeared in Advisen White Paper Resources.
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