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.
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.
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 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.
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.
Basel is fundamentally faulty. Why extend the model to insurance? asks Kevin Dowd
Giving more power to the CRO is one reaction to the financial crisis. But defining the role precisely isn't easy. Neil Hodge reports.
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
No group supervision and lower equity capital reserves makes the current Solvency II text intolerable, says Sharon Bowles
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
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
The global head of compliance and risk doesn't like armies of risk managers being marshalled centrally. Interview by Sarfraz Thind.
A big drop in issuance and Lehman's default have hit cat bonds but the market retains a solid base, explains Hardeep Dhillon.
Small and medium-sized firms should embrace enterprise risk management and be alive to opportunities presented by Solvency II, writes Mike Wilkinson
Internal models for Solvency II should be fully embedded in the business but official guidance on this is quite vague, says John Ferry
Philippe Carrel, Thomson Reuters Risk Management
Only forty-seven months to Solvency II! For insurers taking the internal model route crucial decisions are needed now. Jessica Baylis reports.
Actuaries are set to become even more central to European insurance businesses as the Solvency II deadline approaches. Helen Yates reports.