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How to automate spreadsheet processes
03 April 2013Insurers can reduce costs and errors with new spreadsheet-specific workflow technology, while avoiding any impact on the spreadsheet logic, as Adrian Maconick explains
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Lloyd's Solvency II 'soft landing' is ICAS+ and a little bit more
22 March 2013Lloyd's of London has been in the vanguard of regulators when it comes to Solvency II preparations, sticking to a strict timetable with little leeway. It's now relaxed its plans after numerous delays to the directive, but is still forging ahead of the regulators. Lorna Davies reports
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Ageas's van Grimbergen: Matching adjustment is crucial for us
15 March 2013Solvency II's long-term guarantees package has the future of the life insurance industry in its hands, says Emmanuel van Grimbergen, group risk officer of Ageas. He talks to Lorna Davies about his concerns, as well as his doubts about Eiopa's 'interim measures'
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Who's who in the CRO Forum
13 March 2013The CRO Forum has not been short of work since it was formed in 2004. The coalition of chief risk officers has been busy championing best practice, providing insights into emerging risks – and helping shape new risk-based regulations. InsuranceERM asks the members what risk management means to them, and what makes them tick
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Avoiding the Solvency II train wreck
07 March 2013Not so long ago Solvency II was hailed as the emerging 'gold standard' for setting insurance firms' regulatory capital – but it now bears a closer resemblance to a slow-motion train wreck, says John Hibbert. He identifies the causes of the crisis and speculates on what might be done to avoid repeating the same errors elsewhere.
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Tom Leonardi: "We have a terrific system in the US"
05 March 2013Whether at the state, federal or international level, Connecticut insurance commissioner Thomas Leonardi is helping to deliver new regulations. He tells Gloria Gonzalez that the US regulatory framework worked very well during the financial crisis
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How the matching adjustment helps insurers in a crisis
28 February 2013Daily solvency monitoring offers valuable insights into an insurers' risk profile and its regulatory capital requirements – and demonstrates the potential power of the matching adjustment. Matthew Cocke, Russell Osman and Russell Ward explain
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Cat modellers set out their platforms
26 February 2013For Eqecat, AIR and RMS, the future is platforms and the promise to give clients more model transparency and control. Open-architecture initiatives such as Oasis are also gearing up. Lorna Davies details the developments
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The unresolved issues of Solvency II
21 February 2013The delay of full implementation to beyond 2014 will allow extra time for important details in all three pillars of Solvency II to be resolved – and may bring old niggles to the surface again. Lorna Davies looks into some of the outstanding issues, for policy-makers and insurers, that will be kicked over in the coming months
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Using least-squares Monte Carlo in a multi-year context
19 February 2013A year ago on this site, Michael Leitschkis and Mario Hoerig explained the advantages of least-squares Monte Carlo (LSMC) over other proxy modelling techniques for estimating capital. Here, with Florian Ketterer and Christian Bettels, they describe how to extend a one-year application of LSMC to scenarios of several years