Archive

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.

Asia solvency reforms - part 2

In the second part of our feature on the developments of Asian regulatory regimes for insurers, Lorna Davies and Chris Cundy look in to solvency reforms in Malaysia, Japan and Thailand

Bermuda pressing on regardless of Solvency II

Bermuda's efforts to improve its supervision of insurance companies have suffered few setbacks, unlike in Europe. Craig Swan, managing director of supervision at the Bermuda Monetary Authority, tells Lorna Davies how the country will this year introduce new rules for captives, group capital requirements and internal models