Magnified Exposures

Using a magnifying glass often brings into focus what people otherwise might miss. Despite the apparent start of an economic rebound and the return of cautious optimism, the experience of the past several years has been an excellent teacher. If there is one thing they clearly see through the lens of experience, it's the value of risk management. Value from risk management is certainly becoming evident as the insurance industry becomes more global, they increase focus on understanding the new exposures emerging risks can create, and they comply with increasing regulatory and rating agency scrutiny of their risk-management activities.