Capital Capital Management, Models, Reinsurance, Capital Markets, Derivatives
News
VIG's solvency ratio jumps by 30pp in six months
Capital increased thanks to subordinated debt issuance
Gibraltar-based insurer Elite reports £10m capital shortfall
Closed insurer’s SFCR shows capital was below SCR at end of first quarter after increase in reserves
LCP survey finds a quarter of non-life QRTs full of "obvious errors"
Nearly a quarter would also need to recapitalise after loss of capital equal to MCR
NN's solvency ratio slips 42pp following Delta Lloyd acquisition
Down from 238% at Q1 to 196%, but post-merger profits beat expectations
Philippines government cedes cat risks to global reinsurers
The new initiative provides the country with $206m in coverage from typhoons and earthquakes
Seven out of 20 reinsurers' capital under threat from 1-in-10-year losses
Talanx's ZZR allocation jumps 41%
Deloitte actuary fined and reprimanded for misconduct
Hastings wins approval to use Solvency II USPs
Prudential combines M&G with UK and Europe business
Aegon makes sweeping changes to supercharge solvency ratio
Munich Re deleverages to strengthen capital position
Analysis
Reinsuring Africa in a soft market: One Re CRO
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?
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
MA optimisation: the experience at LV=
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
A death knell for the Sifi designation?
The US inquiry into the designation of non-bank systemically important financial institutions looks likely to see insurers AIG and Prudential Financial shed the label, while ensuring the court appeal against MetLife becomes obsolete. What will replace Obama's post-crisis regulation and will it affect the international process? Callum Tanner reports
European insurers prepare for UFR change pain
Cutting the ultimate forward rate to about 3.65% over the next five years will drag down European insurers' solvency ratios as the pain of low rates feeds into long-term discounting. The big question now is whether MEPs, the Commission and German industry will work together to block Eiopa's methodology. Callum Tanner reports
View from the Top: The CRO and risk team of the future
The skills of an effective risk function have evolved over the past decades due to regulatory change and financial innovation. Looking forward, the role of risk once again sits on the brink of uncertain development driven not only by regulatory change but also the threat of digital disruption, as Tom Wilson explains
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Market Insight
IFRS 17 and the challenges ahead
The new insurance contracts accounting standard brings a dramatic shift in accounting and actuarial practices, and insurers should be prepared for implementation challenges, as Kamran Foroughi explains
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Market Insight
High velocity risk management
A rapidly changing world produces rapidly emerging risks that can flummox even the most comprehensive of risk management frameworks. Neil Cantle proposes an approach to improving how insurers respond to today's threats...