Spokesperson said 2014 deadline will still be met
France worst hit from Joachim in December
RenRe also hit by severe flooding last year
Will examine "broad landscape of ERM"
Reinsurer loses $250-300m in Thai floods
Eiopa will also launch wave of consultation in May-June
Main culprits: winter storm Alfred and Thai floods
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
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
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
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
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
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
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