Approaches on internal models diverge
Non-life premium and reserve risk goes down; NSLT health up
Collaboration between association and 19 firms
Derived from firm’s v11 US hurricane model
By adapting phylogenetic analysis, Neil Allan and Neil Cantle argue that it's possible to achieve a risk DNA which could start to unlock some of the secrets of complex risk behaviour
No surprises would be good after the model controversies of the past year. Lorna Davies provides a guide to the modelling firms' plans including a new 70-model platform and Australian bushfire and Asian typhoon models
Aviva, Legal & General and Prudential are among firms that have adopted this approach, but it brings challenges as well as benefits, as these excerpts from a paper released by risk solutions' provider Algorithmics describe
CRO Andrew Hitchcox explains the firm's enterprise risk management framework and the integral role of the internal model in running the business
Even the Central Bank of Ireland admits it's going to be tough approving all internal model applications, even with the new Solvency II start date of 2014. It won't be all plain sailing for insurers either, as Hardeep Dhillon reports