Analysis

54431

Holloway Friendly breaks the mould with readable, educational SFCR

The UK friendly society has taken a radical approach to its Solvency II public reporting, creating a document that can be understood by non-experts but still meeting regulatory requirements. InsuranceERM spoke with chief financial officer Paul Harwood to understand the firm's motives and ask how the redesigned SFCR has been received

54351

Insurtech brings new challenges to CRO role

Aggelos Andreou asks chief risk officers how they are coping with the opportunities and threats emerging technologies are posing to their firms, and what impact technology will have on the risk function itself

54251

Finding a role for insurance in a technology-driven economy

In the second article in his series on intangible asset risk, Tim Freestone explores why the growth in intellectual property and patent risks has not been matched by a corresponding growth in insurance

54181

EU supervisors insist Solvency II risk margin "is not an issue"

Insurers’ calls for a recalibration of the risk margin are being ignored by Eiopa and national supervisors, as evidenced at Insurance Europe's conference in Brussels last week. Aggelos Andreou reports

54081

EU and UK authorities diverge on Brexit preparations

Eiopa repeats its advice to EU insurers to take contingency measures, while UK supervisors step up and reveal legislative plans. Aggelos Andreou reports

54031

German actuaries tell Eiopa: "Stick to your remit"

DAV vice-president Guido Bader talks to David Walker about how the country's actuaries are concerned by Eiopa's new ideas for Solvency II – and the lack of testing around them

53811

IFRS 17 earnings recognition: challenges, opportunities and innovations

Luca Tres and Adam Robinson discuss IFRS 17 and its earning recognition criteria from a capital markets and insurance practitioner's perspective, and consider the challenges and the opportunities this presents

53701

Mapfre's Antonio Huertas: there should be one global capital regime

Mapfre's chief executive tells Cintia Cheong about the challenges and risks at the top of the Spanish insurer's agenda, including underinsurance, Solvency II and IFRS 17

53611

Improving the three lines of defence model

In the follow-up to his article on why the insurance industry needs a new risk governance model, Henry Essert describes how a risk function can better oversee a risk-taking business and deal with strategic threats more effectively

53561

How to implement an effective and compliant model validation process

Ashish Kwatra and Jennifer (Kang) Khaleghy continue to share their experiences around successful internal model approval programmes with a focus on independent model validation – an area closely scrutinised by the regulator

53491

Marine insurance blockchain platform hopes to cut costs, risks and capital

The world's first blockchain platform for the marine insurance sector was launched at the end of May. Paul Walsh sits down with some of the platform's leaders to discuss how it will save costs and reduce risk

53441

SFCRs: "We're not sure any policyholders read them"

Insurers say their solvency and financial condition reports (SFCRs) are barely read by customers, so how should they evolve to better suit their audience? Christopher Cundy reports on this and other views and experiences with the public Solvency II document

53381

2018 Atlantic hurricane season - the calm after the storm?

Last year's Atlantic hurricane season was one of the most catastrophic in recent memory with insured losses estimated at over $130bn. Now 12 months later and on the first official day of the season, forecasters believe relative calmness awaits. But forecasters are often wrong. Paul Walsh reports.

53191

Cyber risk still a struggle for insurers

Progress in managing cyber risk exposures is continuing, but are insurers doing enough to convince regulators that they understand what they're doing? Paul Walsh reports

53111

Raj Singh: from CRO to insurtech investor

Standard Life's former chief risk officer talks to Christopher Cundy about his decision to join the ranks of the insurance disruptors and how his new venture – Kasko2Go – is facing up to the challenge

53011

Microinsurance offers a lesson in technology and agility

Opportunities in emerging markets are flourishing, but traditional insurers cannot simply transpose their western business models. Aggelos Andreou finds the use of technology and a change in mindset are the keys to opening the doors

52911

Why the insurance industry needs a new risk governance model

The traditional 'three lines of defence' model for risk governance needs improvement to deal with a fast-changing and technologically advanced economy, argues Henry Essert in part one of this two-part analysis

52821

The thinking behind Milliman's Mind

Milliman launched its Mind solution for actuarial modelling at the start of this year. Christopher Cundy talks to the lead developer and one of the first users of the innovative solution that bridges the gap to the actuary's favourite tool, Excel

52721

Eiopa's plans for regulatory convergence

Patrick Hoedjes, head of the oversight and supervisory convergence department at Eiopa, talks to Aggelos Andreou about the difficulties of achieving regulatory harmonisation across Europe in an ever-changing landscape and how the authority intends to tackle the big obstacles like Brexit

52501

Realising the potential of operational risk management

Madeline Betts, Justin Elks and Daniel Bruce set out practical and proportionate ways to improve operational risk processes that add tangible value to a business