Database Risk Parameter Benchmarks and Model Validation

Risk Lighthouse has constructed an extensive research database of historical underwriting performances of U.S. Property-Casualty insurance companies by combing various sources of data from statutory filings, cleaned for inconsistencies and company group changes due to M&As. The Risk Lighthouse database includes over 30 years of historical information, which allows for detailed back-testing of premium and reserve risks.

Using this extensive research database, Risk Lighthouse derived benchmarks (e.g. distributions of risk parameters) for premium risk, reserve risk and correlation parameters, which can serve as basis for independent model validation for insurers and reinsurers.

The interactive dashboard below demonstrates a sample of the capabilities of the Risk Lighthouse database and benchmarks.

 

 

 

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