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Insurers weigh up hedges against regulatory curve
25 November 2014Early in November Eiopa unveiled the paper which determines the length and the method for extrapolation and sets the figures used to calculate the volatility adjustment. Finally insurers can roll out their hedging plans, as Hugo Coelho reports
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The pricing predicament
20 November 2014There is now a widespread desire for actuarial technical pricing amongst insurers, with the move to a more scientific and less purely underwriter-led approach to pricing at both strategic and individual risk levels, as David Edison explains
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CRO profile: Eberhard Müller
18 November 2014Eberhard Müller, chief risk officer of Hannover Re, talks to Marcus Alcock about the increasing importance of qualitative risk management, the long and winding road for internal model approval, and the problem with international capital standards
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John Huff: Capital cannot be the only answer to systemic risk
30 October 2014While in Amsterdam for the conference of the International Association of Insurance Supervisors, Hugo Coelho caught up with Missouri insurance commissioner John Huff. Here he elaborates on his criticism of global standards, and discusses key aspects in the tug of war between the US and Europe on the convergence of insurance regulation
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Targeting reinsurance systemic risk
23 October 2014All eyes are on the FSB's forthcoming update of G-SIIs, which is expected to include reinsurers for the first time. Marcus Alcock looks at who might be on the list and what the implications are for the market
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The broad view
21 October 2014Tom Wilson, CRO of Allianz, talks to Marcus Alcock about the need for supervisors to adapt as well, his difficulty with traditional insurance being deemed systemically relevant, and the trials and tribulations involved in submitting a trial IMAP which is over 100,000 pages long
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Carney raises the stakes on Solvency II internal models
16 October 2014Mark Carney's recent indication that the Bank of England will not hesitate to withhold approval of inadequate internal models raises the question of just how heavy-handed the regulator will turn out to be, as Stephen Makin, Emma McWilliam and Ross Evans discuss
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Benefit of the matching adjustment could be wafer-thin
14 October 2014If supervisors take a hard line on the methodology for calculating the fundamental spread and issues like diversification, new business and portfolio rebalancing, the adjustment could lose its appeal, reports Hugo Coelho
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Speeding up reporting processes
09 October 2014Bringing forward the calibration of risk factors in proxy models is one of the strategies to comply with the five-week deadline for quarterly reporting, according to a survey by Towers Watson. Hugo Coelho investigates
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Bracing for the liquidity squeeze
16 September 2014The push by regulators for the central clearing of derivatives is a serious issue for life insurers that rely on swaps for duration matching. As Hugo Coelho explores, they could be vulnerable to cash collateral calls if interest rates spike