John Lister to lead finance function at UK&I Life
Contingency plans are in place
Former Canopius and PwC actuary to start role in July
No need for UK risk pool yet, says Marsh and government report
UK regulator takes another look at retirement sales practices in 2015/16
Replaces departed Tom Leonardi
ESRB report recognises distortion in Solvency II regime
Saves time for insurers wishing to use Solvency II adjusters
Many conversations around risk and capital modelling highlight the need to ‘industrialise’ processes. But is this 18th century concept appropriate for insurers in the 21st century? European experts discuss this and other risk management questions in the second part of this InsuranceERM and SunGard roundtable
The Dutch regulator is poised to publish guidance for insurers on use of the matching adjustment. Repackaging of mortgage loans is one bone of contention, another is the treatment of pension contracts. Hugo Coelho reports
Risk management teams are taking on greater responsibility and having more commercial input, but what does this mean for organisational structures? And should risk always dance to the beat of the business? European risk leaders discuss these and other questions in the first part of this InsuranceERM and SunGard roundtable.
Three years after Aegon started the market, index-based longevity swaps could become a trend across Europe as insurers seek to optimise their capital under Solvency II. Hugo Coelho reports
Eiopa has cut of the convergence period for the Swedish risk-free rate curve to 10 years from 50, citing the particular characteristics of the bond market. The change will reduce interest rate sensitivity, but increase the risk that insurers under-reserve. Hugo Coelho reports
Insurers are gradually dispelling the scepticism around the subject of emerging risk, and are getting better at considering the potential impacts and opportunities, according to Oric International. Christopher Cundy reports
Austrian insurer Uniqa has replaced its traditional guaranteed product with a ‘new traditional’ product that comes with a 0% guarantee and bonus at maturity. It is just the latest insurer to adjust its product portfolio in response to the twin threats of low rates and Solvency II. Hugo Coelho reports
The first round of mandatory reporting under Solvency II will soon begin. For some insurers that might be the last wake-up call to advance...
Since the 1980s, Value-at-Risk (VaR) assumes a central place in risk management and nowadays in different regulations. Both Solvency II and Bale...