A Cost/Benefit Framework for Making Rational Insurance Risk Retention Decisions A cost-benefit framework for risk retention optimization, combined with a behaviorist approach that accounts for insurance underwriters' tendencies to "over-swing" provides a consistent framework for optimal decision-making. The speaker brings vast knowledge and experience to guide you through with the know-how of Cost/Benefit framework for making rational insurance retention decisions. Description Why Should You Attend: Due to several years of incurring normal losses, including several major catastrophes, major insurers are experiencing rapidly-increasing loss ratios. As opposed to years when investment income is able to more-than-offset underwriting losses, the trend toward higher loss ratios is not being offset by today's paltry investment returns. The result is that insurers are becoming increasingly selective, and pricing is beginning to escalate. By considering acceptance of higher deductibles, organizations may be able to mitigate pricing increases, or even reduce combined total expenditures for insurance and retained losses. Other organizations, which already retain deductibles near the maximum amount of their comfort level, will face a different set of options. A cost-benefit framework for risk retention optimization, combined with a behaviorist approach that accounts for insurance underwriters' tendencies to "over-swing" provides a consistent framework for optimal decision-making. This webinar will clarify the aforementioned and guide you through the right approach. At the end of this session, the speaker will handle your specific questions and address any challenges you have/had in making rational insurance risk reduction. Areas Covered in this Webinar: Unified Conceptual Framework that applies to all types of risk. Review shortcomings of the "textbook" five-step risk management process. Understanding Risk from a Financial Perspective. How to apply financial portfolio theory to insurance decisions. Review and interpretation of the recent Risk and Insurance Management Society's Executive Report, "Exploring Risk Appetite and Risk Tolerance" Risk Transfer Optimization.