Recognizing the challenges facing insurers and the public sector in dealing with
the COVID-19 pandemic, this paper proposes a decision-making framework for
evaluating the performance of risk management strategies for dealing with the
impacts of risks traditionally considered by insurers as uninsurable. We discuss
three alternative options through which the property/casualty (P/C) industry may be
able to play a role in supporting businesses, nonprofits, and the public sector in
managing future pandemics and other catastrophic and systemic risks.
Forecasting The Pricing Kernel of IBNR Claims Development In Property-Casualty Insurance
