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Analysis

46231

Economic capital: the solution to two big insurance problems

Using economic capital metrics makes for better business decisions and improves the wider understanding of profitability in the insurance sector. The opportunity is not to be missed, argue Gez Llanaj and Assad Shah

45671

Eiopa's Fausto Parente: convergence is the remedy for regulatory arbitrage

The executive director of the EU's insurance authority discusses its new powers, Brexit, supervisory convergence, insurtech and sustainability in this interview with Christopher Cundy

45121

Insurers downbeat on proposed Solvency II reforms

Eiopa has completed its first major review of Solvency II and, on the biggest issues, its proposals have not gone down well. Christopher Cundy reports

45041

Cyber risk: a practical approach to making risk-based decisions

Insurers need a joined-up approach to managing cyber risk if they are to make the most of digital opportunities while avoiding the threats of cyber attacks and data loss. Crowe Horwath's Justin Elks proposes four steps to achieve this

44911

A transparent approach to the SFCR

Denmark’s Industriens Pensionsforsikring went the extra mile in completing its solvency and financial condition report (SFCR), providing historical data and putting the quantitative information into context. David Walker asks chief risk officer Pernille Jul Overby why she opted for more work

44861

IAIS faces fresh debate on systemic risk – and clash on capital standard

The International Association of Insurance Supervisors meeting in Kuala Lumpur this week comes amid a renewed debate about systemic risk in insurers and big questions about the deadlines for developing a global capital standard. Christopher Cundy reports

44531

NN's Jan-Hendrik Erasmus: "the key issue is how to embrace technology"

NN Group’s chief risk officer discusses with David Walker how the Dutch insurer is positioned for M&A, why Solvency II does not need to change, longevity risk hedging and today’s technology and cyber challenges

44461

Hurricane loss estimates: clawing for credibility

Cat modellers’ loss estimates following this year’s major hurricanes were surprisingly far apart. Christopher Cundy asks if the sector is doing the right thing

44331

Unipol's Renzo Avesani: balancing risk and innovation

Renzo Avesani holds the positions of chief risk officer and chief innovation officer at Unipol – a unique combination at such a large insurer. He tells Cintia Cheong about the firm’s latest initiatives and how it is adapting to life under Solvency II

44251

Innovative risk modelling key to tackling emerging technology risks

The World Economic Forum has called for urgent innovation in risk modelling and said rapid global collaboration is crucial to dealing with the risks from new technology. David Walker reports

44171

View from the Top: The next crisis, counter-cyclical business models and pro-cyclical valuations: What's to be done?

In this instalment, Tom Wilson, chief risk officer for Allianz, reviews the implications of a financial market correction for the industry and makes some recommendations on how risk, capital and value should be managed

42951

UK insurers play it cool on Part VII transfers

Brexit is expected to cause a rush of requests to transfer insurance contracts between businesses. But so far, there has not been a deluge of Part VII applications. Paul Walsh reports

42401

BaFin pulls no punches in explaining Orsa shortcomings

Germany's regulator has said insurers must improve virtually all aspects of their Orsa reporting for 2018. David Walker reports

42171

Where next for economic scenario generators?

Insurers have for decades relied on economic scenario generators (ESGs) in their risk modelling, asset management and business steering. Christopher Cundy investigates what the next big developments might be in this important piece of modelling software

42101

Insurers struggle to interpret GDPR

The upcoming EU's General Data Protection Regulation (GDPR) applies to all companies with personal records, but there are certain aspects insurers are finding particularly difficult. Cintia Cheong reports

41731

The rise and fall of valuation methodologies

The arrival of Solvency II and revised guidance on embedded value methodologies has led to changes in the financial metrics that European insurers report – and not all of them are welcome. David Walker reports

41631

Defining company culture in five questions

An 'inappropriate culture' often takes the blame for all kinds of corporate misdemeanour, but judging the culture and correcting the failings can challenge the best of firms. Paul Harwood suggests a strategy to help management get it right

41511

Reinsuring Africa in a soft market: One Re CRO

The young reinsurer One Re is somewhat of a specialist, focusing as it does on non-life risks facing clients in Africa. But its chief risk officer Ross McGee tells David Walker that the challenges remain the same, including reporting challenges under Solvency II, soft markets, and risk models.

41421

ICS version 1.0 inspires little faith in IAIS timetable

Despite the IAIS heralding the launch of insurance capital standard version 1.0, insurers say it has achieved a lot less than originally promised. Is it time to scale back ambitions for version 2.0? Callum Tanner reports

41291

Insurers under fire for underwriting coal industry

Divesting from coal companies while continuing to underwrite them is a 'blind spot' of insurers' climate policies, according to campaigners. Cintia Cheong investigates what four insurers are doing about it