Reinsurance will play an key role in capital management for insurers, says a new study from international reinsurance intermediary Guy Carpenter. The study, based on a seminar on capital management, notes that insurance companies need to manage capital more effectively for greater profitability, and that reinsurance will be a part of this strategy.In “Managing Capital and Expectations through Effective Risk Management”, Guy Carpenter relies on the insights of several experts, discussing the relationship between capital management and risk management. Among the theories presented are that internal cash flow is key to a company’s ability to invest and how insurance and reinsurance can stabilize cash flow, that insurer solvency ratings and influenced by the ability to manage capital, and how industry earnings will be more volatile and raise the cost of capital in the future.”Capital management and reinsurance traditionally have not been considerd in the same context, but there are now compelling reasons for doing so,” says Guy Carpenter chairman and CEO Salvatore Zaffino. “Reinsurance can be a powerful risk management tool that helps create shareholder value through sound risk management.”
Yukon gets $45M to prevent Whitehorse-area landslides, more money for flood recovery
The federal government is contributing $45 million to help prevent landslides along the Whitehorse Escarpment with the aim to protect the land under Whitehorse International Airport and its access road to the Yukon’s capital. The escarpment has been plagued by landslides in the last several years, prompting the construction of a protective barrier along the […]
By Jason Contant | May 7, 2024
1 min read