Opinion

“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.

Published in: Capital - models, Risk governance, Regulation - supervision

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Insurers must not be over-regulated

28 April 2010

Insurers must not be over-regulated The more voluminous the guidance, the more rigid a legislative framework becomes, says Hitesh Patel. And Solvency II’s complex rules and capital requirements could make the insurance industry less transparent to investors and the general public.

Published in: Regulation - supervision

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Mortality methodology focuses more on the future

22 April 2010

Mortality methodology focuses more on the future Collaboration between scientific and medical researchers and professionals in the insurance and pensions industries is bringing new insights into possible improvements in longevity and how they can be achieved, explains Daniel Ryan

Published in: Longevity - mortality

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DB pension risk management needs a revolution

14 April 2010

DB pension risk management needs a revolution Timeliness of information is a major issue but new technology is now available to address this, explains Darren Best

Published in: Longevity - mortality

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Keeping it Simple

11 March 2010

Keeping it Simple “Agent-based models” have been used successfully to replicate complex behaviours with very simple rules. Neil Cantle examines the implications for financial modelling.

Published in: Capital - models

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Reinsurance shifts from risk mitigation to capital management

10 March 2010

Reinsurance shifts from risk mitigation to capital management Reinsurance 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

Published in: Capital - models, Insurance risk

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Opportunities abound for actuaries who relish challenge

25 January 2010

Opportunities abound for actuaries who relish challenge Those 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

Published in: Corporate strategy, Risk governance, Regulation - supervision

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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

Published in: Regulation - supervision

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What 2009 has taught us about risk planning

17 December 2009

What 2009 has taught us about risk planning Jacob 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