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Analysis

Zurich's ERM: setting the tone from the top

Zurich's ERM: setting the tone from the top

Zurich’s aim of embedding enterprise risk management into the fabric of the company is perhaps exemplified by having its CRO, Axel Lehmann, report to the CEO and the board’s risk committee. Lehmann explains the company’s risk framework to Lorna Davies

Hurricane models shouldn't need "dramatic updates"

Hurricane models shouldn't need

Not if your model represents "the full spectrum of potential future catastrophe experience", including extreme and rare events, says Ming Lee, president and CEO of AIR Worldwide. But he admits there's more uncertainty in earthquake models in this interview with InsuranceERM

Strategy is more important than the numbers

Strategy is more important than the numbers

So says Dan Wilkinson, Liberty Syndicates' new head of risk. Trained as a barrister, he has a different perspective on risk management and, as he tells Lorna Davies, "resists the temptation to own the internal model output"
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NAIC: "If we respect the differences, we can make this work"

On a visit to London, the NAIC top brass make it clear where they stand on equivalence. "We are not adopting Solvency II and Europe is not adopting the US system and that is okay," says Kevin McCarty, NAIC president. The key issue is making it easy for transatlantic firms to do business, stresses his colleague, CEO Terri Vaughan, in the interview with InsuranceERM

Certainty, proportionality, common sense: what the industry craves from regulators in 2012

Certainty, proportionality, common sense: what the industry craves from regulators in 2012

Leading CROs and consultants give their views on how regulators and politicians may handle outstanding Solvency II implementation issues this year; on business strategy in response to this; and on the outlook for natural catastrophes. Here is a compilation of responses to the questions InsuranceERM asked experts just before Christmas