insurers
6 statements across 2 episodes · 0 bullish · 1 bearish · 2 people on the record · first statement Feb 17, 2022 by Jeff McCauley · across every show →
Everything said about insurers, oldest first
Feb 17, 2022 neutral
Feb 17, 2022 neutral
Apr 10, 2025 neutral
Boomhauer: Insurer market withdrawals are ad-hoc reactions to imperfect disaster data
“There is also absolutely a sense of kind of reactiveness here that something bad happens and let's get out of the place where the bad thing is happening. And that I agree that there's this ad hoc, a little bit of an ad hoc sense to it, but fundamentally I thin…”
Apr 10, 2025
Boomhauer: Insurers rely on reinsurance because internal surplus capital is too costly
“We think about insurers trying to protect their solvency, and one way that they can do that is that they can hold a bunch of surplus capital within the firm, but that's an expensive thing to do, to, you know, basically put capital in low-risk investments to be…”
Apr 10, 2025 negative
Boomhauer: Proprietary insurer catastrophe models are impossible for objective third-party evaluation.
“Almost all of the models that are applied by insurers today are developed by for-profit private companies. It makes them all a little bit of a black box. It makes them all basically impossible for objective third parties to evaluate”
Apr 10, 2025
Boomhauer: Disaster risk requires simulation models due to thin historical records
“Natural disaster events are just fundamentally different because we, you know, thankfully have not had a thick enough historical record of disaster events that we can price these things using the statistical methods that are standard in other lines of insuranc…”