Making Sure Insurers Can Deliver on Claims Payments
Insurers face a rapidly growing number of financial risks while the complexity of insurance products is increasing by leaps and bounds.
As a result, insurers need sound financial risk management techniques to lessen the potential adverse impact of this risk transfer on an insurer’s financial situation. A comprehensive assessment of insurers’ solvency risks is of paramount importance to reduce the negative impact of claims payments on their balance sheets.
That’s where Dr. David Landriault, Canada Research Chair in Risk Theory, comes in. He is using advanced mathematical techniques and taking advantage of the capacity of today’s computers to conduct in-depth analyses of insurers’ solvency risks.
Landriault’s research will greatly improve insurers’ risk management by providing a better understanding of how they can avoid experiencing capital shortfalls.