Scenario analysis is rapidly becoming the method of choice to evaluate multiple risks for many insurers, says a new sigma study by Swiss Re. But despite its prevalence, Swiss Re feels carriers could do more to fully exploit these state-of-the-art approaches.
Scenario analysis helps insurers make business decisions by considering a number of potential future developments, allowing them to manage a broad range of often-interrelated risks, according to the Zurich-based reinsurer. It is used most frequently in areas such as strategic planning, risk management and underwriting.
Register or login for access to this item and much more
All Digital Insurance content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access