Archive

RMS cloud will be AIR-less

Catastrophe modelling firms are promising to shift risk management into a higher gear with the launch of their various platforms and RMS has even thrown open its new service to third-party modellers. AIR Worldwide's Bill Churney explains why his firm won't be joining in

Industry digests impact of LTGA

The insurance industry has had barely three days to consider the report from Eiopa on the long-term guarantees assessment, but it's long enough for experts to have identified several problems and for lobby group Insurance Europe to express its disappointment at the latest proposals on Solvency II. Christopher Cundy reports

Structural modelling offers new approach to operational risk

Structural or causal models also enable operational risk predictions to be explained to non-specialists in a way that is easy to understand, argue Josh Corrigan, Neil Cantle and Fred Vosvenieks

Reporting is top concern in Solvency II preparation guidelines

Four consultants offer their thoughts on the most challenging aspects of the Solvency II preparation guidelines – and where insurers will be petitioning for change

Model validation is a question of trust

It shouldn't just be about satisfying the regulators, argue Mike Wilkinson and Patricia Mackenzie. Models should be validated by developing management trust in them and embedding them in the business. The delay in Solvency II gives more opportunity to do this

NACRO concerned at ORSA, ComFrame moves

North American CROs are keeping a watchful eye on the development of the ORSA and disagreeing with some aspects of the ComFrame draft

"RMS models validated by Sandy's wind and storm surge impacts"

The modelling firm's much-criticised v11 hurricane model incorporated technology which allows surge simulation throughout the entire lifecycle of a hurricane. Sandy showed the model's worth, Jeff Waters argues

Actuaries' varying roles highlighted by Fulcher careers

Paul and Graham Fulcher between them have worked in life, general insurance, reinsurance and investment banking firms, evidence of the transferability of actuarial skills, as well as different career paths. But neither of the twins is a fan of Solvency II, as Chris Cundy finds out

Asia solvency reforms - part 3

In the third and final part of our feature on the developments of insurance regulation in Asia, we look developments in the growing market of India, as well as Indonesia, South Korea and Taiwan

The InsuranceERM guide to ESG producers

Since our last guide to economic scenario generators (ESGs) two years ago, new products have been introduced to the market, existing ones have been rationalised and updated, and many more scenarios have been made available across all products.

Here's a review of ESGs from Conning, Deloitte MCS, EVM-Tech, IBM Risk Analytics, Milliman, Moody's Analytics, Numerix, Prudential, Towers Watson and Ultimate Risk Solutions.