Risk governance

News/comment

PwC appoints global insurance leader

09 July 2010

PwC appoints global insurance leaderDavid Law assumes role immediately

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First UK CERA qualifiers due soon

06 July 2010

First UK CERA qualifiers due soonCERA aimed at budding CROs

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Technical experts with “soft skills” in demand

05 July 2010

Technical experts with “soft skills” in demandSolvency II is hiking up salaries of risk professionals

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UK actuaries awarded CERA

02 July 2010

Second signatory for the new global risk analyst qualification

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Survey shows CEO regulation concerns

03 June 2010

Survey shows CEO regulation concernsOver-prudence may have long-term negative impact on insurers

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Aegon appoints UK CFO

01 June 2010

Clare Bousfield joints from Swiss Re

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Tim Breedon appointed ABI chair

27 May 2010

Tim Breedon appointed ABI chairInsurers face “major challenges”, he says

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Risk managers should be independent and empowered

18 May 2010

Swiss Re report highlights 10 lessons from the crisis

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.

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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.

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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.

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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.

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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.

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Avoid oversimplifying risk analysis

22 April 2010

Avoid oversimplifying risk analysisA single-characteristic risk classification system is flawed. Neil Cantle and Oliver Gillespie describe an alternative way of classifying risks according to their multiple underlying characteristics.

Opinion

The use test: a simple suggestion

26 July 2010

The use test: a simple suggestionMany are concerned about how the Solvency II’s “use test” for internal models will be conducted. David Ingram has an elegant solution

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“The industry is behind Solvency II as a principle”

26 May 2010

“The industry is behind Solvency II as a principle”The problems arise from the calibration that the regulators are asking for, says Raj Singh, Swiss Re’s CRO, as he reflects on the lessons of the past 18 months in this interview with Jessica Baylis.

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Opportunities abound for actuaries who relish challenge

25 January 2010

Opportunities abound for actuaries who relish challengeThose with risk and capital management skills will be most in demand, and the trend from technical to business actuary will also gather pace, says Chris Cannon