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Analysis

Integrating emerging risk: an alternative perspective

Integrating emerging risk into risk management frameworks and capital models is challenging for insurance companies. Buu Truong and Gemma Gregson investigate whether analysing cause, rather than effect, can help overcome some of the difficulties

Asta turns up the heat on pillar 3

The road to Solvency II reporting has not been easy. For Lloyd’s syndicates, complying with the additional challenges of the Lloyd’s market regulations, things are perhaps even tougher. Managing agency Asta explains to Sarfraz Thind how it is preparing for lift-off next year.

Five tips for ORSA success

The own risk and solvency assessment (ORSA) is intended to be at the heart of Solvency II and while some insurers have sown the seeds of a good ORSA and are seeing it blossom, others have issues that need weeding out. Catherine Drummond and Rob Murray consider five tips for making the ORSA a success.

ICS loses steam

Plans to introduce a global standard for insurance capital have altered, with the International Association of Insurance Supervisors opening the door to differentiated implementation at the national level. Hugo Coelho reports

US ORSA comes to life

Before the end of the year, large US insurers will submit an ORSA report to supervisors. This represents a step change for the industry, but is likely to be just the beginning of a broader process of transformation, Hugo Coelho reports

Keeping faith in credit ratings

Insurers can no longer blindly trust credit ratings, but must have frameworks to assess the suitability of both internal and external ratings. Sarah Wall explains what is required

Developing a vision for major change

In the second part of this InsuranceERM and Milliman roundtable on systems transformation, industry experts discuss how they define and manage a major systems refresh, how they deal with software vendors and the ‘waterfall’ and ‘agile’ approaches to development

  • Market Insight

    A stamp of approval

    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

  • External papers

    Free expert paper - Getting the most out of hard-drives

    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.

  • External papers

    Free expert paper - Aggregation Criteria in risks' modeling service

    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.

  • Market Insight

    Solvency II - Are you ready for challenges?

    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...

Weekly highlights