Models drive 'suicidal' decision-making: Charman

John Charman, the CEO and chairman of Bermudian insurer Sompo
International, has criticised the insurance industry for
"blindly following models".
Speaking after receiving an award at The Insurance
Insider Honours, Charman said: "We have so much
data available, we have great modelling capability and the best
analytics, and yet I have seen some of the most suicidal
decision-making during the process."
Sloppy underwriting will become an increasingly critical issue
during the current US hurricane s