Risk management Credit, Balance Sheet, Interest Rates, Investment, FX
News
BlackRock survey shows 90% of insurers fear SII data quality
Insurers to increase alternative asset allocation in preparation for new rules
"Insurance failures do not pose systemic risk"
Insurer and bank balance sheets react differently to stresses, says Geneva Association
Milliman opens office in Brussels
Focus will be on risk modelling, ERM and SII
Milliman forms risk institute
Will examine "broad landscape of ERM"
Black swans threaten "worryingly incompetent" risk practices, says PwC
Firms need to be more open and innovative
Reliance on third parties is major challenge of Solvency II
Market fragmentation and volatility increases
Dystopia a major risk to world in next decade
Liberty Syndicates appoints risk management head
Aviva and Swiss Re CROs to lead CRO Forum in 2012
2012 is too early to talk of Solvency III
"Proportionality is the key word in Solvency II"
2011 highlighted long-term investment role of insurers
XL hires US risk management head
"Expect more creative reinsurance structures to be used in Europe"
Analysis
A modular approach to the ORSA
.jpg)
An insurer's ORSA can be constructed from three modules, the risk profile, the prospective solvency and the ORSA governance and firm's ERM. The exercise may be costly but firms will benefit both internally and externally, argues a Willis Re report, excerpted here
Marine insurers struggle to model more extreme risks
The Costa Concordia disaster brought the issue of marine risk into sharp and tragic focus last month. Despite other similar accidents, insurers are struggling to model the impact of large loss events, Sarfraz Thind reports
How Kiln embeds its internal model
CRO Andrew Hitchcox explains the firm's enterprise risk management framework and the integral role of the internal model in running the business
Amlin's team approach to risk management
Risk management at Amlin is not just about the CRO, says its CRO, James Illingworth. Many people are involved in managing or reporting risk at the firm. In an interview with Helen Yates, he talks about the challenges facing a CRO today and how the visibility of the role has grown
The US presses ahead with its ORSA
A draft ORSA proposal is due to be discussed, and is expected to be adopted, at the NAIC fall 2011 national meeting starting 3 November. The basis of the NAIC proposal, which could become a key part of the regulatory framework for US insurers, is the draft ORSA Guidance Manual, whose key points Jean Connolly, Maryellen Coggins, Brian Paton, Tom Sullivan, Henry Jupe and David Scheinerman discuss here.
Highlights
- Aegon and Deutsche Bank in €12bn longevity swap
- Deloitte hires Mike Sobers from Aviva
- A modular approach to the ORSA
- Actuaries embrace faster, more efficient A/LM models
- What Tohoku tells us about Japan earthquake risk
- "Cat modelling for the masses" planned by industry group
- Torus appoints new CFO
- IORP could make hundreds of UK companies insolvent
- NAIC: "If we respect the differences, we can make this work"
- Liberty returns to cat bond market
- One step closer to the new world of regulatory reporting
- Four-fifths of insurers in Bermuda use more than one cat model
- Insurers embrace curve-fitting for SCR calculations
- Sweden's insurers struggle to get ready for Solvency II
- AIR publishes simple cat model tests
- Solvency II and IORP directives need to be aligned
- Eiopa paper shows drawbacks of "one-size-fits-all" approach
- Underwriting discipline "central challenge" for 2012
- Moody's buys Barrie & Hibbert
- Applying complexity science to risk appetite and emerging risk
Copyright © Field Gibson Media Ltd 2012