One of the roadblocks for lender credit risk transfer (CRT) has been a lack of knowledge and understanding of the risk/reward profile of a potential lender CRT transaction. This article by Milliman’s Madeline Johnson and Jonathan Glowacki provides an overview of lender CRT and uses public information to demonstrate the expected premium and loss rates for a potential lender CRT transaction.
This article was originally published in the March/April 2017 issue of Secondary Marketing Executive.
April 7th marked National Beer Day, in honor of President Franklin Roosevelt signing a law on that date in 1933 to once again legalize the brewing and selling of beer. It was one of FDR’s first steps toward ending prohibition.
Today, craft beer is a growing market, with the number of small and independent operating breweries in the U.S. totaling 5,301 – a 16.6% increase over the year before. But as with any small, closely held business, this expanding industry faces some unique liabilities. The infographic below is based on an article by Milliman consultant Michael Henk, which examines some of the liabilities that both craft brewers and insurers should consider in order to minimize the financial impact of the risks they face.
Spring has sprung, which means wedding season is just around the corner. But what if there is trouble in paradise—and someone calls off the wedding? Or weather prevents the parents of the groom from making it to the ceremony? Or the venue closes? Or the photographer gets lost?
The average wedding in the United States costs $35,329 (ranging from $12,769 in Mississippi to $88,176 in Manhattan). Pulling off a typical wedding involves a lot of variables–which all introduce the possibility of financial loss. So if you’re looking for information on wedding insurance – either buying it or offering it – check out our “Wedding Insurance 101” infographic, based on an article by Milliman consultant Elizabeth Bart.
How can insurers understand the return on investment (ROI) of telematics and usage-based insurance (UBI) programs? The right program design can reduce costs and positively impact revenue. In Europe, some UBI programs market add-on services aligned to the needs of insurers’ customers which can generate revenue. In a blog post entitled “Making the business case: Telematics investment for UBI,” Milliman’s James Dodge offers an approach for insurers to consider.
With mergers and acquisitions (M&As), it is critical that the medical professional liability insurance program be properly accounted for. Unpaid losses and loss adjustment expenses associated with the program can be a significant item on a balance sheet. There can be both substantial benefits and dangers associated with M&As that are important for management to consider in the preliminary stages of the M&A process. Milliman’s Richard Frese and Andy Hoffman provide perspective in this article.
This article was published in the February 2017 issue of Inside Medical Liability.
In this article, Milliman’s Richard Frese and Andy Hoffman offer organizations perspective concerning critical topics they should discuss with an actuary to enhance their insurance program, better manage liabilities, and maintain appropriate actuarial analysis for the needs of their program. The authors also discuss best practices when working with an actuary.
This article was published in The Risk Management Quarterly.