Eiopa’s mid-year reassessment acknowledges reforms
Trade group says IAIS should focus on definitions first
Downward pressure on pricing will continue in 2016, says Fitch
Set to become one of Asia's largest man-made losses
Cat model predicts likelihood and severity of disruption in key cities
Firms taking on greater cat risks face increased balance sheet volatility
Alex Hindson is second risk officer to leave Amlin for Argo
Final model covers twelve countries on the continent
More than half of European countries have not yet written Solvency II into their national laws, prompting supervisors to set up voluntary processes to apply for internal models and adjustments. Hugo Coelho reports
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
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...