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Annuity firms need own view of longevity improvement
29 January 2014Individual UK annuity providers should confront the fact that their exposures to longevity risk from people living longer may be materially different from those indicated by the UK Office for National Statistics figures, says Matthew Edwards
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Insurers raise the heat on weather derivatives
24 January 2014Rain or shine, the past year has seen a host of insurers jumping into the weather derivatives markets. Weather risks offer significant synergies with existing business lines and deal flow is on the up. Sarfraz Thind reports
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Getting women on board
16 January 2014The insurance business has a lack of women in senior leadership roles. Jamie Bullen talks to several high flying women to find out what more can be done, the importance of networking and whether quotas should be introduced
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The ORSA gallops around the world
14 January 2014Common in concept, but implemented according to local taste, the own risk and solvency assessment (ORSA) has become a global tool for risk management and supervision. Eamonn Phelan and Padraic O'Malley document the spread of ORSA reporting
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Panizza overhauls Generali's risk management
10 January 2014After some torrid years, Italian insurer Generali is undergoing a massive transformation aimed at restoring its profitability. Chief risk officer Sandro Panizza explains to Christopher Cundy how, one year into the job, he is changing the risk management function
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ERM basics: Proxy techniques enable risk-based decision making
08 January 2014Proxy techniques, such as least squares Monte Carlo, allow faster analysis of risks and for many insurers they have become essential tools for aiding decision making, as Brian Robinson explains
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Solvency reform a priority for US regulators
20 December 2013US insurance supervision is inefficient and inconsistent, according to the Federal Insurance Office, which has made its long-awaited recommendations for reform. Among its prime targets are solvency regulation, reserving and treatment of captives. Christopher Cundy reports
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Using least squares Monte Carlo proxy functions for internal model validation
18 December 2013LSMC techniques are finding popularity in Solvency II economic capital calculations and multi-year projections of capital requirements. In this article, Christian Bettels explains how they can also apply to validation of internal models
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Longevity risk deals plagued by complexity
12 December 2013Longevity transactions are often weighed down by legal complexities, scores of advisers and trustees not sure what they are looking to achieve from the deal, according to panellists at InsuranceERM's Insurance Risk and Capital event
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Scor takes a dynamic approach to solvency targets
10 December 2013Scor's new strategy has introduced the concept of a dynamic solvency target and a capital-setting framework around which all aspects of the business will be managed. Chief risk officer Philippe Trainar explains to Christopher Cundy how - and why - it works.