Capital erosion isn't a problem for insurers -- yet

The financial crisis hasn't dented re/insurers' capital too badly. Sources of capital remain to be tapped. But pray for a light hurricane season, says Helen Yates.


CEA issues wish list for QIS5

It's based on industry feedback from QIS4 and it suggests a lot of work is still to be done to get the Solvency II directive into final shape.


Why Bermuda will have its version of Solvency II before Europe

Bermuda Monetary Authority CEO Matthew Elderfield is pressing ahead with regulatory reform, eager to gain mutual recognition with Europe and the US. Interview by Peter Field


The risks multiply for insurers in 2009

The fall-out from the banking crisis could ensnare the insurance industry this year -- unless it rises to the challenges highlighted by the experts below. Jessica Baylis reports.


Re-rating the rating agencies

The global financial crisis has raised serious questions about the reliability of credit ratings. Helen Yates asks what this means for European insurers and for ratings under Solvency II.


It's time to abolish risk-based regulation

Basel is fundamentally faulty. Why extend the model to insurance? asks Kevin Dowd


Will CROs get the authority they need?

Giving more power to the CRO is one reaction to the financial crisis. But defining the role precisely isn't easy. Neil Hodge reports.


Life remains in the longevity market

The buyout market may be challenging but there are some attractive opportunities to transfer risk, and the case for longevity protection is strengthening, argues Gordon Fletcher


British MEP accuses French over deal on group supervision

No group supervision and lower equity capital reserves makes the current Solvency II text intolerable, says Sharon Bowles


Why catastrophe risk management needs improved exposure data

Hurricanes Katrina, Rita and Wilma showed that insurance brokers and carriers had incomplete and inaccurate data to estimate losses and establish premium fees. What lessons have been learned? By Trish Conway


Why captives are different

Captives are unhappy with some of the detail of the Solvency II framework, because they say it fails to recognise their much simpler risk structure. A lobby group has been formed to argue their case. Whatever the outcome of the debate, Solvency II may actually bring some benefits to captives. By Charles Winter and John Reed


Bourdeaux takes a broader view of risk at BNP Paribas Assurance

The global head of compliance and risk doesn't like armies of risk managers being marshalled centrally. Interview by Sarfraz Thind.


Testing times for catastrophe bonds

A big drop in issuance and Lehman's default have hit cat bonds but the market retains a solid base, explains Hardeep Dhillon.


Why ERM is critical for small and medium-sized European insurers

Small and medium-sized firms should embrace enterprise risk management and be alive to opportunities presented by Solvency II, writes Mike Wilkinson


Is the test of use too loose?

Internal models for Solvency II should be fully embedded in the business but official guidance on this is quite vague, says John Ferry


Expect a boom in CROs

Philippe Carrel, Thomson Reuters Risk Management


Time to get serious about the models

Only forty-seven months to Solvency II! For insurers taking the internal model route crucial decisions are needed now. Jessica Baylis reports.


Actuaries take centre stage

Actuaries are set to become even more central to European insurance businesses as the Solvency II deadline approaches. Helen Yates reports.