ERM-714-18: U.S. Property-Casualty: Underwriting Cycle Modeling and Risk Benchmarks


#1

Reading Source: https://www.variancejournal.org/issues/05-02/91.pdf

Topics Covered in this Reading:

  • History of the Underwriting Cycle
  • Capacity Constraint Theory
  • The Role of the Underwriting Cycle in Enterprise Risk Management
  • Literature Review on Underwriting Cycle Models
  • Modelling the Underwriting Cycle
    • Required Properties of the Underwriting Cycle Model
  • Proposed Model: Regime-Switching Model