Program Description

Economic capital analysis is undergoing a period of rapid evolution and refinement as property/casualty insurers implement internal capital models. This webinar will explore the basic concepts of economic capital, starting with a discussion of what "economic capital" is and why managers of property/casualty insurers should care about the economic evaluation of their businesses. We will address the essential elements of an economic capital analysis and discuss some of the challenges in aggregating risks from across the business to determine a firm's required level of capital. Finally we will introduce some of the uses of economic capital ranging from the obvious applications in understanding the amount of capital required to run the business, down to more granular issues including reinsurance decision-making and ratemaking considerations.

Intended Audience

This webinar is targeted to those not currently working with Economic Capital but who would like to understand the basics of this developing area. This session might meet your needs if you have ever asked yourself
• What exactly is Economic Capital and why should I care about it?
• How is Economic Capital being used today?
• What questions might I ask when presented with an Economic Capital calculation?