How to structure and govern a risk management framework
11 March 2010
Meeting Solvency II’s requirement for an effective risk management framework boils down to boards of insurance companies being able to answer five fundamental questions, explains John Bromfield
Published in: Risk governance
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How Solvency II impacts risk calibration
04 March 2010
For those companies interested in developing a partial or full internal model, a proper understanding of article 101 and its consequences for model architecture and calibration-related issues is crucial, explain Marc Beckers and Jürgen Wielandts
Published in: Capital - models, Insurance risk, Regulation - supervision
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Portfolio replication is not only about capital
24 February 2010
It’s not just group risk that can benefit from the use of replicating portfolios. Other areas of an insurance company such as liability product design, market risk monitoring and performance measurement in investment management will also find the approach valuable, as Rudi Damhuis, Nidal Shamroukh and Andrew Waters of Algorithmics explain.
Published in: Capital - models, ALM, Market risks
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Do insurers pose a systemic risk?
18 February 2010
The case against the banks is pretty damning, given the financial crisis. But insurers? As regulators fret over who and what causes systemic risk, the insurance industry is on the defensive. Jessica Baylis sifts through the arguments over its systemic relevance.
Published in: Investment risk, Market risks, Regulation - supervision
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Torus builds its risk management framework
18 February 2010
Under new CRO Carl Groth, the framework is being closely integrated with the business and risk analytics are seen as an important driver that gives the company a competitive advantage.
Published in: Risk governance, Regulation - supervision
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Aviva covers all the angles on Solvency II
09 February 2010
The company’s director of group solvency, Teddy Nyahasha, explains Aviva’s goal of a collective group view of risk, the value of dialogue with continental European regulators and the lessons learned from the ICAS regime. Interview by Jessica Baylis
Published in: Risk governance, Regulation - supervision
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CEIOPS’ final advice sets tone for QIS5
09 February 2010
There are disappointments for the industry on some issues, and decisions on other points have been deferred in the final advice on the Solvency II level 2 implementing measures. Here’s a shortened version of Towers Watson’s guide to the advice.
Published in: Regulation - supervision
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Pre-application for internal models will be challenging
03 February 2010
The process laid out in the 81 pages of CEIOPS guidance requires reams of information from insurers and lengthy dialogue with the supervisors, as Towers Watson explains.
Published in: Capital - models, Regulation - supervision
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