Version 2 of DPM and XBRL taxonomy released
DataValidator assesses quality and provides audit trail
Increase in interest rates drives Solvency II ratio up 10 points
Major efforts needed to plug €12bn shortfall, BaFin says
Modelling platform enables the Lloyd's syndicate to model its life and non-life liabilities together
Italian insurer awaiting partial Solvency II internal model approval
AIG and Prudential Financial must do further analysis on the obstacles to resolvability
Systemic nature of cyber risk means industry must have protection before the cyber market can grow, says report
Is the regulatory bureaucracy imposed on the London market damaging its ability to react in the aftermath of a major catastrophe? Christopher Cundy reports
Fears that insurers would flounder in the first test of their Solvency II reporting systems have eased, but it has not all been plain sailing. Christopher Cundy reports
The IAIS has unveiled a formula to calculate the high-loss absorbency for global systemically important insurers. The industry claims the requirement is set too high and fears it will be poorly targeted. Hugo Coelho reports
As external pressures mount, change management is becoming central to an organisation's success. Asa Gibson reports on the findings of the latest Banana Skins survey
Mounting regulatory scrutiny on ancillaries might pave the way for a reform of general insurers’ product range, particularly if the changes cause profits to fall. Hugo Coelho reports
The UK’s mutual insurers are eagerly awaiting the outcome of negotiations on legislation that could help lead a revival of the sector. Asa Gibson reports
Germany’s life insurers could face the biggest test from low interest rates and the introduction of Solvency II. Hugo Coelho talks to the president of the country’s financial supervisor, Felix Hufeld, about the resilience of the industry and the cards it can play
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...