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Phoenix breathes new life into its actuarial systems
03 July 2013The UK closed-fund consolidator has replaced its myriad modelling systems with just one, in a huge three-year project that is said to have been on time and on budget. For Phoenix, the project was not only operationally necessary; it was a strategic imperative. InsuranceERM explains
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Prudential Financial appeals "systemically important" designation
03 July 2013No word on whether AIG is also appealing
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Munich Re cat bond includes Australian cyclone risk
02 July 2013Investors snap up $75m bond also covering US hurricane perils
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Emerging risks test re/insurers' monitoring systems
28 June 2013In an ever more complex, interconnected and fast-moving world, the task of spotting the emerging risks that could have critical impacts on insurance companies is becoming harder. Christopher Cundy reports on how firms are tackling the issue
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Reinsurers to wait another year for G-SII status
27 June 2013Insurers to be named next month
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AIR releases pandemic flu model
27 June 2013Model includes more than 18,000 simulated events
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US has more reservations about Solvency II than a year ago
21 June 2013The federal threat to the US system of state-based insurance supervision is waning, according to Jim Donelon and Ben Nelson, the president and CEO of the National Association of Insurance Commissioners, but international pressure for reform is an ever-present danger. In a Q&A with InsuranceERM, the new officials also discuss progress on reinsurance collateral, the ORSA and principles-based reserving
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Insurers face "biggest ever" financial reporting change
21 June 2013Third draft of international standard on insurer accounting released
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RMS cloud will be AIR-less
21 June 2013Catastrophe 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
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NAIC CEO Nelson criticises IAIS and ComFrame
14 June 2013Tells Congress international regulatory approaches are too rigid