Archive

  • Towers Watson's Tricia Guinn: "The insurance industry is becoming increasingly analytical"

    27 November 2013

    Towers Watson's decision to sell its reinsurance brokerage is part of a strategy to capitalise on the increasingly analytical and technical nature of the insurance industry, risk and financial services managing director Tricia Guinn tells Lorna Davies.

  • Benchmarking the internal capital model

    07 November 2013

    Aon Benfield polled almost 100 users of its ReMetrica capital modelling software to compare how often they ran their internal models, their speed of processing, the number of people involved – and a host of other interesting questions. Jason Noronha and Wing Lam present the results

  • Caution: capital models at work

    06 November 2013

    The prospect of Solvency II led many insurers to spend millions building internal capital models and the time has come to make them work for the business. But basing strategy on a tool that has been developed primarily with compliance in mind is not without risk, as Rob Collinson explains

  • Technology Guide 2013-14: vendors react to Solvency II delays

    29 October 2013

    Both users and vendors of risk management systems have faced difficult decisions as a result of the further delay in Solvency II implementation. We look at the opportunities and problems created by this and issues such as: do faster systems have to be more complex, as well as more expensive, and will vendors offer more transparency into their models?

  • Understand, don't blend, cat models

    11 October 2013

    The changes afoot in insurance markets make an "own view of risk" essential to the future of today's firms – and the best approach is not through blending of catastrophe models, argues Mike Duffy

  • Communication is the next step in internal model validation

    09 October 2013

    Internal model validation has evolved rapidly in the last three years but the key to getting real value from the process in 2014 is to focus on communication, say Charl Cronje and Tom Durkin

  • Early warning indicators need further refinement

    04 October 2013

    The UK's Prudential Regulation Authority is currently trialling the use of early warning indicators (EWIs) to monitor the outputs from insurers' internal models. With plans to extend their application across Europe, Russell Ward, Eoin O'Byrne and Lyndsay Wrobel examine how EWIs might perform in practice – and find there is room for improvement

  • Lloyd's Savage highlights benefits of Solvency II readiness

    02 October 2013

    Luke Savage, director of finance and operations at Lloyd's, tells InsuranceERM about the market's reaction to low investment yields, its capital management plans, how it could yet be designated "systemically risky" - and why it's disbanded its Solvency II team.

  • Jobs for actuaries still influenced by Solvency II

    25 September 2013

    Preparations for Solvency II sparked a huge recruitment drive for actuaries. But with the momentum gone and work nearing completion in many firms, how is the jobs market changing? Katie Kouchakji reports

  • Reinsurers and brokers steeled for "post-convergence" markets

    10 September 2013

    The rise of alternative capital has been the talking point at this year's reinsurance Rendez-vous in Monte Carlo. The $45bn currently in play could double in next three years, but what will be the effect on pricing and how reinsurers and brokers operate? Christopher Cundy reports