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The ORSA: Considering risks that fall outside the standard formula
13 November 2014Putting together the ORSA has been one of the most challenging processes for many in the run up to Solvency II. Here Colin Murray urges insurers in the standard formula channel to consider more unusual risks and the ways in which they can capture them
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Longevity risk: The allure of causal models
06 November 2014When measuring longevity risk, insurers typically look into the past for clues. However, the recognition of the shortcomings of this backward-looking approach is prompting the industry to consider more forward-looking models which allow insurers to identify the drivers of mortality, as Hugo Coelho reports
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Novae's Reeken Patel: Solvency II will be worth it
04 November 2014Novae's Reeken Patel, only recently installed at the respected Lloyd's player, talks to Marcus Alcock about Solvency II preparedness, the responsibilities of a CRO, and approaching unmodelled risk
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John Huff: Capital cannot be the only answer to systemic risk
30 October 2014While in Amsterdam for the conference of the International Association of Insurance Supervisors, Hugo Coelho caught up with Missouri insurance commissioner John Huff. Here he elaborates on his criticism of global standards, and discusses key aspects in the tug of war between the US and Europe on the convergence of insurance regulation
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Full steam ahead for Solvency II technology implementation
28 October 2014The heat is on insurers to make their technology work in a fast-paced and regulation-bound environment, as Christopher Cundy surveys the scene in his introduction to the InsuranceERM Technology Guide 2014-15
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Targeting reinsurance systemic risk
23 October 2014All eyes are on the FSB's forthcoming update of G-SIIs, which is expected to include reinsurers for the first time. Marcus Alcock looks at who might be on the list and what the implications are for the market
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The broad view
21 October 2014Tom Wilson, CRO of Allianz, talks to Marcus Alcock about the need for supervisors to adapt as well, his difficulty with traditional insurance being deemed systemically relevant, and the trials and tribulations involved in submitting a trial IMAP which is over 100,000 pages long
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Carney raises the stakes on Solvency II internal models
16 October 2014Mark Carney's recent indication that the Bank of England will not hesitate to withhold approval of inadequate internal models raises the question of just how heavy-handed the regulator will turn out to be, as Stephen Makin, Emma McWilliam and Ross Evans discuss
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Benefit of the matching adjustment could be wafer-thin
14 October 2014If supervisors take a hard line on the methodology for calculating the fundamental spread and issues like diversification, new business and portfolio rebalancing, the adjustment could lose its appeal, reports Hugo Coelho
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Speeding up reporting processes
09 October 2014Bringing forward the calibration of risk factors in proxy models is one of the strategies to comply with the five-week deadline for quarterly reporting, according to a survey by Towers Watson. Hugo Coelho investigates
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