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What the LTGA really says about the matching adjustment
10 July 2013A workable matching adjustment is critical for many insurers facing the prospect of complying with Solvency II, but Eiopa's recent study on long-term guarantee measures has left some aspects ambiguous and others unfeasible. Kim Durniat delves into Eiopa's concluding report to bring out the nuances
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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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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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Industry digests impact of LTGA
18 June 2013The insurance industry has had barely three days to consider the report from Eiopa on the long-term guarantees assessment, but it's long enough for experts to have identified several problems and for lobby group Insurance Europe to express its disappointment at the latest proposals on Solvency II. Christopher Cundy reports
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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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Model validation is a question of trust
07 June 2013It shouldn't just be about satisfying the regulators, argue Mike Wilkinson and Patricia Mackenzie. Models should be validated by developing management trust in them and embedding them in the business. The delay in Solvency II gives more opportunity to do this
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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