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Efficient asset allocation with least squares Monte Carlo
23 October 2013Traditional methods of allocating assets fall short in several key aspects. In this paper, Romain Lombardo and Alexis Bailly show how the LSMC approach can be used to optimise asset allocation for insurers in a Solvency II world
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The technologies reshaping insurance
18 October 2013The insurance industry doesn't often evoke science fiction. But recent technological advances have been so drastic they could have leapt from the pages of Isaac Asimov. Sarfraz Thind reports
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Understand, don't blend, cat models
11 October 2013The changes afoot in insurance markets make an "own view of risk" essential to the future of today's firms – and the best approach is not through blending of catastrophe models, argues Mike Duffy
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Communication is the next step in internal model validation
09 October 2013Internal model validation has evolved rapidly in the last three years but the key to getting real value from the process in 2014 is to focus on communication, say Charl Cronje and Tom Durkin
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Early warning indicators need further refinement
04 October 2013The UK's Prudential Regulation Authority is currently trialling the use of early warning indicators (EWIs) to monitor the outputs from insurers' internal models. With plans to extend their application across Europe, Russell Ward, Eoin O'Byrne and Lyndsay Wrobel examine how EWIs might perform in practice – and find there is room for improvement
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Lloyd's Savage highlights benefits of Solvency II readiness
02 October 2013Luke Savage, director of finance and operations at Lloyd's, tells InsuranceERM about the market's reaction to low investment yields, its capital management plans, how it could yet be designated "systemically risky" - and why it's disbanded its Solvency II team.
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Hopes build for better treatment of infrastructure investment under Solvency II
27 September 2013Infrastructure investments provide a great match for insurers' liabilities, but Solvency II's crude view of the investment risk means money is not flowing as fast as it could. Milliman and JP Morgan Asset Management set out the justification for a review
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Jobs for actuaries still influenced by Solvency II
25 September 2013Preparations for Solvency II sparked a huge recruitment drive for actuaries. But with the momentum gone and work nearing completion in many firms, how is the jobs market changing? Katie Kouchakji reports
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Why HR should be in your risk culture club
20 September 2013Who are the custodians of an organisation's risk culture and how can meaningful change be embedded? BaxterBruce's Jon Linturn explains.
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Leasing and trade finance could spice up insurers' portfolios
18 September 2013The traditional bond markets are no longer satisfying insurers' desire for a secure, stable investment income. Portfolios need to be developed to include other new core asset classes and there are opportunities aplenty for the more nimble insurers, says Yasheen Rajan.