Casualty (or risk as losses emerged. The maturation of enterprise risk management (models, though, signal a change. The more complex the casualty risks and regulations carriers face, the more they are recognizing that improving their underwriting and ERM practices could in some cases even yield competitive advantage. It is becoming possible to model the accumulation of an increasing number of casualty risks, whether technological, crystalizing or aggravating, both knowable and manageable. As casualty capital as they have on the property side. On a relative scale, emerging risk category. Examples of these risks include climate change, the growing complexity of supply chains and megacities. Unfortunately, casualty (re)insurers have not had similar access to models and the data required to run them near this depth. The historical record on casualty and liability risks has been relatively thin and constantly changing. And in some cases the variables almost seem infinite, making it very challenging to identify, model, prioritize, evaluate and integrate a large set and broadening array of scenarios. The "casualty solvency. Multiple lines of business insureds and even multiple accident years can be swept up in a casualty catastrophe, and the carriers involved may have to pay claims that may at first seem unrelated to the event's initial trigger. Link to Part II>> Click here to register to receive e-mail updates>>