Ruben Cohen

Aug 7, 2024 | risk.net | Ruben Cohen |Jia Lu |Jonathan Humphries

Tweet Facebook LinkedIn Save this article Send to Print this page A method is developed to combine external loss data (ELD) and internal loss data (ILD) via a principle of equivalence, linking loss count with time horizon through loss frequency.

Feb 23, 2024 | risk.net | Ruben Cohen |Jonathan Humphries |Jia Lu

Tweet Facebook LinkedIn Save this article Send to Print this page A bottom-up approach for estimating the Probability of Insurance Recovery (PoIR), which is a key element in insurance mitigation, is presented. The approach works by combining inputs from Subject Matter Expertise (SME) with the risk taxonomy to produce a single number representing the PoIR.