Backtesting the Solvency II SCR: surprising findings and risk management implications
Ralf Korn and Gerhard Stahl discuss their novel investigation into the quality of Solvency II capital models and reveal a simple but powerful method for challenging model complexity
IAIS 2023: Ariizumi and Saporta talk ICS, AI and climate
The International Association of Insurance Supervisors (IAIS) has seen a change at the top with Japan's Shigeru Ariizumi replacing Vicky Saporta as executive committee chair. The two gave an interview to Sarfraz Thind at the organisation's annual conference in Tokyo
UK's MA reforms: a fixation on attestation
What do the PRA's proposed requirements for attesting matching adjustment benefits mean for insurers, and will it stop them investing in wider assets? Christopher Cundy and Paul Walsh report
Eiopa's third-country reinsurance rules must strike a delicate balance
Achieving sound risk management while avoiding protectionism is crucial for addressing coverage gaps, argues Carlos Montalvo Rebuelta
UK's MA reforms: with great flexibility comes great responsibility
Insurers can look forward to including assets with "highly predictable" cash flows and more sub-investment grade assets into their matching adjustment portfolios, but at the expense of stricter risk management. Christopher Cundy reports
A new chapter for Solvency II's SFCR
Modifications to the solvency and financial condition report (SFCR) have been mooted in the UK and EU, although insurers and users have urged caution on any potential changes. Paul Walsh reports
Zurich's Colleen Zitt: a constructive approach to risk management
Colleen Zitt has certainly had her hands full in the three years since she became Zurich North America's CRO. But the experience has advanced her ability to manage risk, she tells Sarfraz Thind
Lapse risk and capital management strategies: rewriting the script
Mass lapse risk has returned to haunt European life insurers, prompted a rethink of the approach to risk and capital management, as Luca Tres explains in the second of this two-part series
Petra Hielkema discusses sustainability in Solvency II, transition plans and greenwashing
The chair of the European Insurance and Occupational Pensions Authority sits down with Joshua Geer to share her views on how sustainability can be implemented in Solvency II, why she is not pushing for transition plans and the regulatory scope for greenwashing
Lapse risk and capital management strategies: back in the spotlight
Mass lapse risk has returned to haunt European life insurers, prompted a rethink of the approach to risk and capital management, as Luca Tres explains in the first of this two-part series