Archive

  • Unipol's Renzo Avesani: balancing risk and innovation

    19 October 2017

    Renzo Avesani holds the positions of chief risk officer and chief innovation officer at Unipol – a unique combination at such a large insurer. He tells Cintia Cheong about the firm's latest initiatives and how it is adapting to life under Solvency II

  • BaFin pulls no punches in explaining Orsa shortcomings

    21 September 2017

    Germany's regulator has said insurers must improve virtually all aspects of their Orsa reporting for 2018. David Walker reports

  • The rise and fall of valuation methodologies

    31 August 2017

    The arrival of Solvency II and revised guidance on embedded value methodologies has led to changes in the financial metrics that European insurers report – and not all of them are welcome. David Walker reports

  • Reinsuring Africa in a soft market: One Re CRO

    17 August 2017

    The young reinsurer One Re is somewhat of a specialist, focusing as it does on non-life risks facing clients in Africa. But its chief risk officer Ross McGee tells David Walker that the challenges remain the same, including reporting challenges under Solvency II, soft markets, and risk models.

  • The biggest barrier to actuarial system improvement is... actuaries?

    27 July 2017

    As insurers prepare for another round of system adaptation and process review with the introduction of IFRS 17, Andries Beukes shares his experience in modernising actuarial systems and discusses what role actuaries have in the success – and failure – of transformation projects

  • Solvency II's legacy for risk teams is dull, repetitive work

    20 July 2017

    ...so chief risk officers (CROs) need to find interesting new work – of which there is no shortage, says Stephen Coombes, interim CRO at Unum UK. He talks to David Walker about how the risk function can evolve to maintain its relevance

  • MA optimisation: the experience at LV=

    06 July 2017

    The matching adjustment (MA) is a vital element of the Solvency II package to annuity underwriters, but making the most of it is challenging. In this article, James Sharpe, developer of optimisation tool OptiMA, and Ed Rayson of insurer LV=, describe how MA benefits have been improved in practice

  • View from the Top: Turning ORSA on its head

    27 June 2017

    In his quarterly column for InsuranceERM, Tom Wilson, chief risk officer for Allianz, shares his insights into managing risk and capital. In this instalment, Tom describes how insurers can get value out of the ORSA by focusing less on regulatory reporting and more on risk and capital management as a continuous process

  • SFCRs - the one-tonne paper chase by European insurers

    15 June 2017

    Analysis of public Solvency II reports shows literally a tonne of information is now available to stakeholders. But who will use it? Do the reports satisfy stakeholders? And how might the reports evolve? David Walker reports

  • Comment: Weak UK government bad news for insurers in need of key reforms

    09 June 2017

    Whether it's the business of reforming elements of Solvency II, guaranteeing market access for UK firms selling into Europe or reforming the Ogden discount rate, a weak government will mean gridlock and uncertainty, says Callum Tanner