Archive for July 2023

Cascadia Earthquake

July 23, 2023

https://www.podbean.com/media/share/pb-83zhp-1457084

When a catastrophic event hasn’t happened since 1700 there is not much historical data to aid those who live there or insure residents. Here are some of the basic concerns. By Max Rudolph

Telling Your ERM Story to Rating Agency

July 10, 2023

https://www.podbean.com/media/share/pb-che39-144bbd3

There is a story about ERM that most insurers can tell. A story with four chapters: ERM Framework, Individual Risks, Aggregate Risk & Capital and the ERM Journey. Usually there isn’t enough time to tell the the ratings analyst all four chapters, so you have to choose.

This is a story that I have told privately many times over the years based upon my experiences as the first rating agency ERM specialist at S&P and as an advisor to insurers who are preparing to present.