Current approaches to forecasting longevity risk are inadequate

A new report published today by reinsurer Swiss Re says that the approaches currently taken to forecast longevity are inadequate and can lead to inaccuracies. The unprecedented increases in life expectancies experienced in recent decades have been consistently underestimated due to the use of inadequate methods for assessing future longevity. read the full article →

Long-range weather forecasts to increase in importance for reinsurers

Many weather and peril re/insurance pricing decisions have tended to be made based on analysis of historical data rather than on forecasts. Historical data has always been seen as the best way to predict weather trends and assess riskiness of a specific peril in a specific geographic location. Forecasts were read the full article →