Insurance Simulation
βοΈ
Insurance Simulation
Price policies, choose which risks to take, pay the claims. You can believe you are profitable for years and hand it all back in a single catastrophe.
β³ SoonβοΈPricing Risk
π²Choosing the Book
πͺοΈCatastrophe Exposure
πReinsurance
The Underwriting Dilemmas
This loop runs backwards: you take the money first and learn what it cost you years later.
βοΈ Cheap Premiums vs Profit
A low price grows market share fast β and brings the bad risks along with it.
βοΈ Write Everyone vs Be Selective
A wide book spreads risk. Being picky lowers the loss ratio and stops the growth.
βοΈ Concentration vs Spread
Specialising in one region cuts your costs; one earthquake then hits the entire book at once.
βοΈ Reinsurance vs Margin
Passing risk on keeps you standing in the catastrophe year and takes a slice of every normal one.
βοΈ Fast Payouts vs Strict Review
Paying claims quickly earns a reputation; scrutinising them protects the money and loses the customer.
Underwriting Metrics
Loss RatioCombined RatioReserve AdequacyBook DiversityReinsurance CostCustomer ChurnCapital