London market liability model breaks mould with promise to improve claims payments

Lloyd’s and modelling firm Arium have developed a probabilistic model to measure (re)insurers’ liability exposures across their portfolios. They promise the new tool will strengthen the ability to pay corporate clients’ claims. Lloyd’s and Arium said the new methodology, which has been developed over the past three years, will allow (re)insurers to model liability risks along the same lines as…

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