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Low interest rates challenge regulators as well as insurers
05 July 2013Current economic policies are creating market distortions that insurers and their regulators should tackle sooner rather than later, says Daniel Hofmann, advisor to the chairman of Zurich Insurance Group
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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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Protests against FTT build up steam
21 June 2013Europe's Financial Transaction Tax has now been adopted by 11 states. Many insurers argue that the tax will make running their businesses more difficult and costly -- to the detriment of their customers. With less than six months left until the official implementation date, Sarfraz Thind looks at whether the industry has time to make its voice heard
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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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Reporting is top concern in Solvency II preparation guidelines
12 June 2013Four consultants offer their thoughts on the most challenging aspects of the Solvency II preparation guidelines – and where insurers will be petitioning for change
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NACRO concerned at ORSA, ComFrame moves
05 June 2013North American CROs are keeping a watchful eye on the development of the ORSA and disagreeing with some aspects of the ComFrame draft
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Actuaries' varying roles highlighted by Fulcher careers
28 May 2013Paul and Graham Fulcher between them have worked in life, general insurance, reinsurance and investment banking firms, evidence of the transferability of actuarial skills, as well as different career paths. But neither of the twins is a fan of Solvency II, as Chris Cundy finds out
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Asia solvency reforms - part 3
24 May 2013In the third and final part of our feature on the developments of insurance regulation in Asia, we look developments in the growing market of India, as well as Indonesia, South Korea and Taiwan
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Asia solvency reforms - part 2
17 May 2013In the second part of our feature on the developments of Asian regulatory regimes for insurers, Lorna Davies and Chris Cundy look in to solvency reforms in Malaysia, Japan and Thailand
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Bermuda pressing on regardless of Solvency II
15 May 2013Bermuda's efforts to improve its supervision of insurance companies have suffered few setbacks, unlike in Europe. Craig Swan, managing director of supervision at the Bermuda Monetary Authority, tells Lorna Davies how the country will this year introduce new rules for captives, group capital requirements and internal models