News
Willis adds two to capital markets unit
Quentin Perrot joins in London and Rui Hang in Hong Kong
PRA issues statement on deferred tax assets under SII
Highlights areas requiring particular attention from insurers
PRA issues data collection timetable
Standard formula as well as IMAP firms to be included
RMS(one) adds five model partners
Aim is to broaden beyond catastrophe exposures, says RMS CEO
Internal models falling out of favour
Only 40% now planning full or partial internal models, says EY
View fire in broader risk management perspective
It’s as important as flood, quake and other natural hazards, says Geneva Association
New cat modelling systems portend changes to underwriting
Chile earthquake and tsunami model launched
Allianz plans more equity and infrastructure investments
Derivatives used for hedging by two out of three life insurers
Swiss Re names co-founder of BlackRock to board
ABI and IMA to form new investment entity
Global reinsurer capital continues inexorable climb
FCA warns annuity firms over new business models
ILS market draws more cash from money managers and mutual funds
TSR predicts quieter US hurricane season
Auto-enrolment boosts UK group life markets
Towers Watson appoints UK consultancy head
Analysis
Infrastructure assets retain appeal for insurers
Even if recent pension reforms result in falling demand for annuities in the UK, an increasingly competitive insurance market is likely to sustain the demand for high-yielding assets like infrastructure projects, say Michael Wilkins and Oliver Herbert
Insurers “going backwards” on pillar 3 readiness
The Ernst & Young (EY) Solvency II preparedness survey is one of the most comprehensive yardsticks of how ready insurers are for the new regime. This year's poll shows firms making progress in most areas - except pillar 3. Christopher Cundy reports.
The UK pensions bombshell: opportunities among the wreckage?
The UK annuities market is undergoing a dramatic change as the rules on retirement products are rewritten. In this article, Christopher Cundy looks at five major implications for products and strategy
Gen Re's Tad Montross: why we need Solvency III
Solvency II has focused too much on modelling and should be revisited, says Gen Re CEO Tad Montross. He tells Sarfraz Thind about "model mania", risk culture and how to run a reinsurer in a chronically soft market
Emerging risks survey reveals "post-crisis" thinking
This year's poll of North American risk managers shows a shift in concern away from the economic crisis and towards issues such as regulatory change and cyber risk. Christopher Cundy speaks to its author, Max Rudolph
Reinterpreting the role of the CRO
Despite the growing presence of chief risk officers (CROs) in the senior management teams of European insurers the industry is a long way from a common view of the role, and universally deriving value from it, say Mike Wilkinson and Patricia Mackenzie.
World catching up with Europe on risk disclosure
Guy Carpenter's latest study into ERM disclosures revealed insurers have made great leaps forward, with the most significant improvements among firms based outside Europe. The spectrum of risk metrics remains wide, but is becoming more consistent, the brokerage says.