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.

Published in: Risk governance

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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.

Published in: Risk governance

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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.

Published in: Regulation - supervision

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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.

Published in: Investment risk, ALM, Regulation - supervision

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ViPitech sale to shake up software market?

12 July 2010

Algorithmics is boosting its drive into the pension fund and tier 2 & 3 insurance markets after acquiring VIPitech. Competing firms think their own business models give them an edge.

Published in: Software

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The pros and cons of longevity hedging

30 June 2010

The pros and cons of longevity hedgingRemoving, or at least reducing, risk is now a priority for pension schemes. But mitigating longevity risk doesn’t always have to involve hedging or swaps, explains Steve Hood

Published in: Longevity - mortality

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Calculating the solvency capital requirement, part 1

24 June 2010

Although covariance matrix methodology is the basis of the Solvency II standard formula, it contains serious flaws that lead to a high level of inaccuracy. Adam Koursaris examines this approach in the first of a series of articles on SCR calculation

Published in: Capital - models

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Inefficient inputs lead to outmoded outputs

17 June 2010

Inefficient inputs lead to outmoded outputsMisleading assumptions often lead to inaccurate actuarial valuations of DB pension liabilities. Result: inefficient hedging strategies and an inappropriate contribution rate, says James Mushin

Published in: Investment risk, ALM, Longevity - mortality

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Approach your risk with CARE

10 June 2010

A CARE report is like an applied actuarial view of the ERM process, explain Andy White and Jeremy Waite who summarize the key features of a project on comprehensive actuarial risk evaluation undertaken by the IAA.

Published in: Risk governance

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Is your board fit for Solvency II?

02 June 2010

Is your board fit for Solvency II?Insurance company board members may think they understand the risks within their business. But Solvency II requires a huge shift for directors in demonstrating this to the satisfaction of regulators, says Rory O’Brien.

Published in: Risk governance, Regulation - supervision

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