Risk Management

admin In Financial Forecasting, Risk Management

Claims Reserve Optimization

For insurers, inaccurate claim reserves can lead to staggering loss ratios and insolvency concerns. With funds being allocated to these reserves before there is any report of a potential loss, the margin for error can be catastrophic. According to McKinsey, there was approximately a $30…

admin In Risk Management

Insurance Risk Management

Quantifying potential risks in future customers, clients, policies, and premiums can oftentimes feel like a gamble for financial service and insurance companies. In 2021 the insurance industry experienced a $3.8 billion net underwriting loss in property and casualty claims alone, and an 11% increase in…

Donna Sanchez In Risk Management

Reduce Default Risk

In the financial industry, it is very common for customers to fail to pay on time, either on an occasional basis or on a regular basis. Payment delays can result in both collection and interest losses for financial institutions. Financial services can mitigate risks with…

Claims Reserve Optimization

Insurance Risk Management

Reduce Default Risk

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