Understanding value at risk for insurers


‘This is unprecedented.’ The phrase is the mantra of risk managers after every major loss or black swan event. Humans have a tendency to believe the next catastrophe will look like those of the past and are continuously surprised when this assumption proves false. This belief has driven risk management techniques for years – preparing for what has happened in the past. Without question, the circumstances surrounding each black swan event are different from those of the past and this catches risk

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...


You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: