Latest analysis

How to bring control and flexibility to actuarial processes, part two

28 July 2010

Last week Mark Schneider and Darren Robinson examined the data warehouse approach to reconciling these two goals. This week they conclude their article with a detailed look at the spreadsheet-based automation approach and the potential of combining the two approaches.

News/comment

IASB shakes up insurance accounting

30 July 2010

Exposure draft foreshadows big changes in income statements

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“Industry needs to find QIS5 consensus”

29 July 2010

Barrie & Hibbert survey shows many different views

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Milliman releases new version of MG-ALFA

29 July 2010

Milliman releases new version of MG-ALFAIt’s said to provide more flexibility and control

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NAIC seeks CMBS modeller to assess insurers’ risk

29 July 2010

Will parallel PIMCO’s role in RMBS

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Bermuda highlights Solvency II equivalence steps

28 July 2010

Regulatory update spells out enhancements to insurance framework

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Asian typhoon and updated US quake models released

27 July 2010

EQECAT hosting events in Bermuda and New York to discuss them

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Hiscox CEO says $30bn storm needed to boost prices

26 July 2010

Hiscox CEO says $30bn storm needed to boost pricesAlso warns insurers will be “second-class citizens” under Bank of England

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European actuaries praise QIS5

23 July 2010

European actuaries praise QIS5Seamus Creedon says it recognizes insurers’ business model

Analysis

How to bring control and flexibility to actuarial processes

22 July 2010

Actuarial teams are increasingly using technology to try to balance these potentially conflicting goals. Mark Schneider and Darren Robinson examine two approaches to dealing with this issue. The first part looks at the data warehouse approach. Part two next week.

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QIS5: "Most of the key issues remain"

13 July 2010

This is in spite of a further slight softening of requirements for the industry. Towers Watson summarizes the changes that the final technical specification for QIS5 has made to the draft specification.

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How Solvency II will change insurers’ ALM and investment strategies

12 July 2010

How Solvency II will change insurers’ ALM and investment strategiesThe QIS5 discounting rules should encourage greater derivatives usage while the proposed capital charges for credit will encourage a focus on shorter-duration higher quality bonds, argues Peter McGloughlin.

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More analysis

ViPitech sale to shake up software market?
The pros and cons of longevity hedging
Calculating the solvency capital requirement, part 1
Inefficient inputs lead to outmoded outputs
Approach your risk with CARE
Is your board fit for Solvency II?
Treat systemic risk as an emerging risk
Why cat modellers need to communicate better
"UK Life" solvency ratio falls under QIS5
"QIS5 is only a stepping stone"
QIS5 draft breathes new life into Solvency II principles
Avoid oversimplifying risk analysis
Choosing the right equity model
How to test your ERM framework
Solvency II: how much should the CEO know?
CROs must earn their place on the board
How to structure and govern a risk management framework
How Solvency II impacts risk calibration
Portfolio replication is not only about capital
Do insurers pose a systemic risk?
Torus builds its risk management framework
Aviva covers all the angles on Solvency II
CEIOPS’ final advice sets tone for QIS5

Opinion

The use test: a simple suggestion

26 July 2010

The use test: a simple suggestionMany are concerned about how the Solvency II’s “use test” for internal models will be conducted. David Ingram has an elegant solution

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More opinion

Operational risk management is a value-adding discipline
Lloyd’s blazes the Solvency II trail
“The industry is behind Solvency II as a principle”
Insurers must not be over-regulated
Key analysis for directors
Risk and capital management software: A-Z by vendor

Jobs

Head of Capital Modelling

London
General Insurance
To £120K

This new reporting into the board of this managing agency will head up the capital modelling within the business and be responsible for ICA's, modelling for business decision making, capital allocation, reinsurance programme development and Solvency II implementation. Successful candidates are likely to be qualified and have a couple of years, at least of stochastic modelling experience. Igloo knowledge is desirable.
Ref: ARC24801

ERM Actuary

London
General Insurance
To £110K base

This major insurance group is looking for a qualified actuary to report into the Head of Capital and be responsible for the maintenance and development of the internal model for business decision support, RI analysis and regulatory purposes. Candidates will ideally need ReMetrica knowledge and have strong academics with excellent verbal and written communication skills.
Ref: ARC24803

Capital Contracts

London
General Insurance
To £1,200 per day

We have a number of capital / solvency II contract positions at the moment for 3 - 12 month durations working in major London Market and Lloyd's businesses. The roles require extensive previous capital modelling experience and hands on ability in one or more modelling packages. Candidates need to be self starters and able to hit the ground running.
Ref: ARCContracts