Has the precautionary reserve crisis ended? مقاله

خلاصه ماشینی:

" Sieverling said: "I do not think that in a private company, thinking of lower-than-usual reserves happened intentionally, but if we monitor the global reinsurance market, mistakes may have occurred. A former reinsurer, who wished not to have his name disclosed, stated that reserves are determined by a combination of insurance statisticians inside and outside the company, in addition to the CEO and CFO, who have views regarding how much deposit is necessary. This practice is now less considered, but it is nonetheless not surprising that direct insurers and reinsurers are using the large profits of 2006 to increase reserves related to loss tails. Written by: Ronald Gift Mullins, Insurance Journalist from New York Ronald Gift Mullins states: After years of accusing reinsurers of maintaining lower than usual contingency reserves, it seems that rating companies have set certain limits for the insurance industry. The creation of reserves is determined by a combination of internal and external insurance statisticians, in addition to the CEO and CFO, who have views regarding why a certain amount of deposit is necessary. " She believes that contingency reserves will not be considered an important item for insurance and reinsurance companies in the future. Maintaining reserves lower than usual continued, and this continuation was not to create an effect in improving the income situation, but rather because insurance companies assumed that risks would not cause heavy losses and therefore there was no need for large reserves. Lee from Moody says: "Setting aside amounts as reserves before a risk occurs is both a science and an art.