Analysis

French insurers shy away from internal models

French insurers shy away from internal models

Only one firm will is ready to implement an internal model and the whole French market is struggling to prepare for Solvency II, with mutuals particularly badly hit by the proposed new regulations. Sarfraz Thind reports

Recognise importance of tax in pillar 1

Quantification of tax under pillar I of Solvency II poses challenges such as tax methodology, data quality and the need for a fully integrated tax process. Tax teams therefore need to be fully involved in the development of the Solvency II operating model, as Martin Bradley from Ernst & Young explains

An evolutionary approach to emerging and enterprise risks

An evolutionary approach to emerging and enterprise risks

By adapting phylogenetic analysis, Neil Allan and Neil Cantle argue that it's possible to achieve a risk DNA which could start to unlock some of the secrets of complex risk behaviour

Minority of Norway's insurers opt for internal model

Minority of Norway's insurers opt for internal model

And of those, most will be going for a partial one. But the biggest challenge for firms preparing for Solvency II will be pillar 3, as Sarfraz Thind reports

What to expect from cat modellers this year

What to expect from cat modellers this year

No surprises would be good after the model controversies of the past year. Lorna Davies provides a guide to the modelling firms' plans including a new 70-model platform and Australian bushfire and Asian typhoon models

One step closer to the new world of regulatory reporting

Eiopa's public consultation on the level 3 guidelines and quantitative reporting templates (QRTs) for reporting and disclosure under Solvency II require a significant amount of data and at a detailed level of granularity, as Andrew Holland explains

Four-fifths of insurers in Bermuda use more than one cat model

A report from the BMA provides detailed insights into the catastrophe modelling practices of the larger re/insurers in Bermuda, including their use of vendor and in-house models and their accumulation methodology and practices