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A wider confidence interval in your models should make (re-)insurers charge higher premiums. Insurance is the business of taking your money and your volatility and/or uncertainty. Increase the uncertainty, increase the fair price of taking it.

Now, you can easily get me to believe all kinds of nasty stuff about any financial business principally operating out of Bermuda. But raising (re-)insurance premiums in the face of uncertain modelling is not prima facie evidence of alarmism.

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Tue Nov 2nd, 2010 at 09:35:48 PM EST
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