Opinion

Reinsurance shifts from risk mitigation to capital management

10 March 2010

Reinsurance shifts from risk mitigation to capital managementReinsurance offers more flexibility than the capital markets since its structure can be adjusted to the development of the risk profile every year, says Margarita von Tautphoeus, head of Solvency consulting at Munich Re

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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

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Insurance regulation will stay lighter-touch than the banks’

19 January 2010

Insurance regulation will stay lighter-touch than the banks’Insurers came through the financial crisis relatively unscathed and don’t pose systemic or liquidity risks, argue Jonathan Hekster and Toby Langley

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What 2009 has taught us about risk planning

17 December 2009

What 2009 has taught us about risk planningJacob Rosengarten argues that the more an organization goes through the process of examining potential sources of extreme loss, the more prepared it will be for any future event

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Risk tolerance and limits are not such foreign concepts

26 November 2009

Risk tolerance and limits are not such foreign conceptsTry thinking of them like curfews for teenagers

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Assess the business impact of Solvency II now

04 November 2009

Assess the business impact of Solvency II nowAlso establish the ground rules with regulators, define the risk-measurement architecture and allocate ownership within the company as part of your Solvency II programme. This is the advice of Lukas Ziewer of Oliver Wyman

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CEIOPS is changing Solvency II “without any justification or evidence”

30 September 2009

CEIOPS is changing Solvency II “without any justification or evidence”Their proposals will harm the competitiveness of Europe’s insurance industry, argues Thomas Schubert of the German Insurance Association (GDV).

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Ask the right questions about risk management

22 September 2009

Ask the right questions about risk managementDon’t get too focused on simply measuring risk, argues Mike Wilkinson

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How much of your model do you need to understand?

14 July 2009

How much of your model do you need to understand?A senior manager should at least understand the questions the model is trying to answer, and their impact on the firm’s business model, argues Craig Turnbull

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We need clearer and more sophisticated thinking on op risk

10 July 2009

We need clearer and more sophisticated thinking on op riskVal Amos of Hiscox argues that CEIOPS’ proposals have done little to address insurers’ concerns about operational risk

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