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Exploring the regulator's approach to risk culture
26 March 2014Using the theory of plural rationality, Dave Ingram, Michael Thompson, Alice Underwood and Elliot Varnell describe how the various approaches to insurance and financial regulation deal with risk - and how they cope in a crisis
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Insurers' models introduce poorly understood risks
26 February 2014Models have become indispensable to managing a modern re/insurer, but their use is creating new risks that are not well understood. Christopher Cundy speaks to the insurer and the academic who are leading a major project to study the systemic risks in modelling
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FCA dices with actuaries in annuity profits probe
14 February 2014The UK's Financial Conduct Authority wants to make the annuity markets more competitive, but tackling excess profitability and price differentiation may be a bigger challenge than it thinks. Christopher Cundy reports
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The ORSA gallops around the world
14 January 2014Common in concept, but implemented according to local taste, the own risk and solvency assessment (ORSA) has become a global tool for risk management and supervision. Eamonn Phelan and Padraic O'Malley document the spread of ORSA reporting
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Panizza overhauls Generali's risk management
10 January 2014After some torrid years, Italian insurer Generali is undergoing a massive transformation aimed at restoring its profitability. Chief risk officer Sandro Panizza explains to Christopher Cundy how, one year into the job, he is changing the risk management function
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Solvency reform a priority for US regulators
20 December 2013US insurance supervision is inefficient and inconsistent, according to the Federal Insurance Office, which has made its long-awaited recommendations for reform. Among its prime targets are solvency regulation, reserving and treatment of captives. Christopher Cundy reports
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Perspectives on Omnibus II: cautious relief to outrage
04 December 2013As the dust settled around Omnibus II, InsuranceERM spoke to those closely involved in the negotiations to get their verdict on the result. The diverse opinions from legislator, supervisor, insurer, rapporteur and parliamentarian reflect the complexity of the issues – and how battles over the details of Solvency II are far from over
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Towers Watson's Tricia Guinn: "The insurance industry is becoming increasingly analytical"
27 November 2013Towers 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.
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Section 166s become more frequent, more diverse
13 November 2013UK regulators are making more use of their Section 166 powers to order third-party investigations into insurers and brokers – and broadening their focus. But they are still guaranteed to cause grief for firms, as Jamie Bullen reports
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Benchmarking the internal capital model
07 November 2013Aon 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