Black swan theory
Unlike bankers, insurers have so far averted trouble in the recession. But, how much of this is due in part to the effective use of modelling and can this help them stay out of trouble? Rachel Gordon speaks to key market figures about modelling challenges on the horizon.
Bankers are in the dock, seen as greedy and self-serving, condemned for having failed to learn from history. Insurers meanwhile" at least to date" remain the good guys, and would certainly appear more
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