Insurers are taking on more risk than they should. If – or when – a major disaster hits, the catastrophe will have far-reaching consequences, says an anonymous modeller and whistleblower
He’s talking about reinsurance. Front-line insurance companies that you typically deal with directly are (sometimes? often?) “reinsured” by other insurance companies backing their risks. It’s turtles all the way down.
He’s talking about reinsurance. Front-line insurance companies that you typically deal with directly are (sometimes? often?) “reinsured” by other insurance companies backing their risks. It’s turtles all the way down.