In 2021, risk team implemented a quantitative risk-based approach to insurance renewals which resulted in reducing the cost of insurance by 60% and improving the quality of coverage across all… Continue reading Understanding the risk profile is the most important step in insurance decisions, so why isn’t everyone doing it?
Couple of years ago I was given the responsibility for corporate, non-life insurance across a $10B group of companies. I welcomed the opportunity to combine risk-based quantitative decision making with… Continue reading 5 red flags 🚩when selecting an insurance broker
RISK AWARENESS WEEK is the biggest online platform to learn about risk management and decision making. Amazing lineup of international speakers share practical case studies on integrating risk management into… Continue reading RAW2021 agenda is now online, register before the early bird ends
Every year I ask the best quant risk and decision making professionals I can find to share their models, simulations, methodologies and case studies with the public. We call it… Continue reading WATCH REPLAY: 45 risk management and decision making workshops available on demand
The cat insurance puzzle refers to the low or missing demand for high-severity-low-probability events, which is surprising given the high demand for low-value insurance products such as cell phone insurance… Continue reading WATCH REPLAY: The Cat Insurance Puzzle: Why People insure their Cellphone but not their Home
https://2020.riskawarenessweek.com/talks/dr-annette-hofmann/ The cat insurance puzzle refers to the low or missing demand for high-severity-low-probability events, which is surprising given the high demand for low-value insurance products such as cell phone… Continue reading WATCH REPLAY: The Cat Insurance Puzzle: Why People insure their Cellphone but not their Home – Annette Hofmann
Thank you, dear readers, you made this year amazing. The blog has been visited 54000+ times, which is almost triple that of 2017. Here top 5 most popular articles on… Continue reading Most popular articles of 2018
For years I’ve tried to do one good risk management, but in reality, there at least 2 risk management. There is risk management 1 – risk management for external stakeholders (board members, auditors, regulators, government, credit rating agencies, insurance companies and banks) and risk management 2 – risk management for the decision makers inside the company. While I strongly believe risk managers should spend 90% or more of their time on RM2, RM1 is not going to go away any time soon.
This product is designed to save risk managers an enormous amount of time by providing most, if not all, documents required under RM1. See description below for more details.