News/comment

Liquidity premium report is a step forward, says Towers Watson

05 March 2010

But the price of annuities is still likely to rise

Published in: Capital - models, Insurance risk, ALM, Regulation - supervision

.....

Task force report details liquidity premium choices

04 March 2010

Main points highlighted by CEIOPS’ group on the liquidity/illiquidity premium issue

Published in: Capital - models, Insurance risk, ALM, Regulation - supervision

.....

Hannover Re raises $500m from Deutsche Bank

01 March 2010

Sets up credit facility for expansion of life business

Published in: Capital - models

.....

“Train, don’t hire, for internal models”

25 February 2010

Towers Watson gives advice for pre-pre-application phase

Published in: Capital - models, Risk governance, Regulation - supervision

.....

Survey shows large gaps in Solvency II preparation

24 February 2010

Pre-application process will be “exacting”, FSA warns

Published in: Capital - models, Risk governance, Regulation - supervision

.....

Torus increases capital to over $1bn

22 February 2010

Attracts new funds from private equity firms

Published in: Capital - models

.....

Swiss Re returns to profit

18 February 2010

De-risking ahead of schedule

Published in: Corporate strategy, Capital - models, Investment risk

.....

Few companies would pass the “use test”, says S&P

16 February 2010

Report outlines differences in capital adequacy methodologies

Published in: Capital - models, Regulation - supervision

Analysis

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

.....

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

.....

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

.....

Using nested simulation for economic capital

27 January 2010

The number of risk drivers and potential complexity of their joint distribution makes it natural to adopt a simulation approach to estimate the tail percentile of a balance sheet, explains Steven Morrison

Published in: Capital - models

.....

Better integration and communication of risks needed

06 January 2010

This should be the aim of insurers in 2010, along with a more pragmatic approach to modelling and lobbying for simpler regulation. Industry experts outline these and other developments they’d like to see in ERM this year

Published in: Corporate strategy, Capital - models, Risk governance, Software, Regulation - supervision

.....

2010 will bring many challenges, warn risk experts

05 January 2010

Among them: increasing regulatory burdens, a talent shortage, investment dilemmas and looming inflation. Our panel of industry soothsayers spell out their concerns.

Published in: Corporate strategy, Capital - models, Risk governance, Insurance risk, Investment risk, Market risks, Catastrophe - weather, Software, Regulation - supervision