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Reaffirms income guidance of around €800m for 2013
Gross impact on the group over €0.5bn
Based on images from German Aerospace Centre and Perils
Edgar Bautista and Sandeep Ramachandran appointed as co-heads
But impact on insurers' credit profiles "should be minimal", says Fitch
The modelling firm's much-criticised v11 hurricane model incorporated technology which allows surge simulation throughout the entire lifecycle of a hurricane. Sandy showed the model's worth, Jeff Waters argues
Paul Little says his promotion to president of catastrophe modelling firm Eqecat was unexpected, but his experience in the sales side of the business, as well as 25 years in reinsurance broking, stand him in good stead to take the helm and focus on efforts to be "at the forefront of transparency," he tells Lorna Davies
For Eqecat, AIR and RMS, the future is platforms and the promise to give clients more model transparency and control. Open-architecture initiatives such as Oasis are also gearing up. Lorna Davies details the developments
The delay of full implementation to beyond 2014 will allow extra time for important details in all three pillars of Solvency II to be resolved – and may bring old niggles to the surface again. Lorna Davies looks into some of the outstanding issues, for policy-makers and insurers, that will be kicked over in the coming months
Leading consultants and CROs say getting the most out of Solvency II implementation will be a big challenge for 2013, but other aspects of ERM will reappear on the agenda, as will the necessity of keeping ERM at the heart of business. Here is a compilation of responses to the questions InsuranceERM asked experts just before Christmas
The Financial Services Authority's 'early warning indicators' for internal models have magnified concerns among the industry of the standard formula being used as a benchmark by regulators to judge the output of internal models, particularly for catastrophe risk. Lorna Davies reports