Analysis

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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Treat systemic risk as an emerging risk

26 May 2010

Treat systemic risk as an emerging riskFinancial crises and the associated systemic risks can be treated as any other emerging risks, believes Dave Ingram, but the crucial risk that has to be detected is the one that could create a massive loss among highly interconnected firms.

Published in: Risk governance, Market risks, Regulation - supervision

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Why cat modellers need to communicate better

20 May 2010

Why cat modellers need to communicate betterMany factors can’t be modelled satisfactorily but this isn’t always spelled out to the end-user. Jessica Baylis reports.

Published in: Cat risk - ILS

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"UK Life" solvency ratio falls under QIS5

17 May 2010

Milliman's scenario-testing using a notional life insurer reveals a likely decline in the standard formula solvency ratio, worsened by the fall-out from the financial crisis. Scott Mitchell and Fred Vosvenieks explain

Published in: Regulation - supervision

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"QIS5 is only a stepping stone"

12 May 2010

Insurers need to continue lobbying and maintain vigilance in order to ensure that the concessions made towards the industry by the European Commission on 15 April are sustained. The proposals could change yet again and cause further upward pressure on capital requirements, warns one of the respondents to our questions on the QIS5 draft.

Published in: Regulation - supervision

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