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Scor takes a dynamic approach to solvency targets
10 December 2013Scor's new strategy has introduced the concept of a dynamic solvency target and a capital-setting framework around which all aspects of the business will be managed. Chief risk officer Philippe Trainar explains to Christopher Cundy how - and why - it works.
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Five years of InsuranceERM, five years on the tortuous journey towards Solvency II
29 November 2013InsuranceERM was launched five years ago, in November 2008, when implementation of Solvency II was less than four years away. Now, it's still over two years away and a lot of water has passed under the bridge. Delving into the InsuranceERM archives, Peter Field charts the ebbs and flows on the way to the European Parliament vote last week for a January 2016 go-live date for Solvency II
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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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Will RMS(one) be the one?
01 November 2013The one system to manage all cat exposures and risks, that is. Early testers are enthusiastic, but RMS's claims for its new platform will take some time to assess, and the cost of using it could be a hindrance. Christopher Cundy reports
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The technologies reshaping insurance
18 October 2013The insurance industry doesn't often evoke science fiction. But recent technological advances have been so drastic they could have leapt from the pages of Isaac Asimov. Sarfraz Thind reports
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Why HR should be in your risk culture club
20 September 2013Who are the custodians of an organisation's risk culture and how can meaningful change be embedded? BaxterBruce's Jon Linturn explains.
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Key emerging risks have systemic implications
13 September 2013Cyber risks can cost companies more than most traditional risks combined, says a report from Guy Carpenter on emerging risks, which also covers climate change, space risk, pandemics and nanotechnology. The interconnectedness of the world means most of these also pose systemic threats, as these highlights from the report show
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Regulation: a billion-dollar problem that needs a strategic solution
06 September 2013The wave of post-crisis regulation has already cost insurers billions and the industry should act to avoid worsening the impact on the bottom line. Better coordination, scenario planning and implementation frameworks are needed, say Francesco Nagari and Seb Cohen
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The InsuranceERM guide to GRC software for insurers
03 September 2013Large vendors dominate the governance, risk and compliance software sector, where very few of the multitude of systems on offer have been designed specifically for the insurance industry
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Managing risk through a corporate acquisition spree
23 August 2013As CRO of Australia's QBE, George Thwaites has extensive experience in this area - first when the firm's takeovers were at their height and now as a tough restructuring programme and strategic rethink are being implemented. He tells Christopher Cundy about the systems and cultural challenges involved