PRA sets out expectations after the publication of Solvency II guidelines
Model will form part of RMS' Asia Typhoon Model
PwC urges firms to transfer liability risks to insurers before Solvency II stems price hike
Lack of cooperation by main shareholders sealed insurer's fate
Extending the scope of the requirement to traditional insurance is wrong
Insurer's Solvency II ratio under standard formula estimated between 170-175%
National regulators are gold plating European directive, industry trade body says
Irish insurer to divest property unit amid spiralling losses
Negotiations between the EU and the US were scheduled for before the summer, but have yet to start. There is a growing concern that the delay thwarts plans to grant the US equivalence status under Solvency II before the regime goes live. Hugo Coelho reports.
North American actuarial organisations have collaborated to produce indices that will help understand the risks associated with climate change, as Doug Collins and Caterina Lindman explain
Setbacks in internal model approvals have put a strain on Dutch insurers' plans for Solvency II and raised fears that the European industry is less prepared than it thinks, Hugo Coelho reports
As venture capitalists invest a record amount of money in insurance technology, insurers are joining their ranks in the race to find the next disruptive technology. Asa Gibson reports
Chief risk officer Eberhard Mueller talks to Christopher Cundy about the years of work behind its Solvency II internal model and how he plans to develop the reinsurer's approach to operational risk modelling
Internal models will fail in their attempt to serve two masters – the regulator and the business – so insurers should fundamentally rethink how they can benefit from their years of development work, argues Adrian Ericsson
The ultimate forward rate has been one of Solvency II's least contentious elements – until now. The European Systemic Risk Board is pushing for a revision that could have a dramatic effect on insurers' solvency. Hugo Coelho reports
Towers Watson’s eighth global ERM survey has revealed startling progress in attitudes towards risk management and in the frameworks that insurers have implemented. But as Mike Wilkinson explains, there is still work to do
getting the best performances out of hard drives, both when reading and writing files, is crucial so that actuaries get their results within an acceptable timeframe.
This paper presents a concrete solution to optimize input creation process for risk modeling while improving quality and thoroughness of model results by dealing with clustering on dataset liability.
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...