Models Capital, Risk
News
IAIS Abu Dhabi: supervisors accede to US demands on ICS
Insurance Capital Standard monitoring period to begin in January
Insurance Europe slams proposal to harmonise guarantee schemes
The lobby group warned of high costs and intractable challenges to harmonisation
Bermudian insurers target efficient and scalable risk modelling
More “industrial” processes needed as insurers grow, according to Aon
Royal London gains regulatory approval for Solvency II partial internal model
Going forward the insurer will report both an investor and a regulatory view of its SCR
Novis adopts ReMetrica for life and health capital modelling
Innovative Slovakian insurer is growing fast across central and eastern Europe
Three ways capital modelling is evolving
Conning’s Daniel Finn discusses the prospects for insurers’ capital and economic modelling practices
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AM Best compares its BCAR with Solvency II
Capital adequacy measures positively correlated, but not strongly
Coface submits application for Solvency II partial internal model
Switch from standard formula will mitigate planned changes to calibrations
Analysis
Eiopa proposes extensive reforms for Solvency II 2020 review
Over 878 pages, the European Insurance and Occupational Pensions Authority has put forward dozens of important reforms to the EU’s solvency regime. Christopher Cundy summarises the main issues and shares his opinion on the potential impacts
The CRO and pianist who hits all the right notes
Justin Skinner is chief risk officer at Vitality, the pioneering life and health insurer. He talks to Ronan McCaughey about his career, the risk management challenges associated with technology – and Queen's greatest hits
Learning the lessons from internal model change
Defining and implementing changes to internal models has challenged insurers, but a new industry report sheds some light on the best approaches to managing the process. Christopher Cundy reports
Commission reveals scope of Solvency II reforms in 2020 advice request
In its request for technical advice from Eiopa, the European Commission has given its strongest indication yet about where it might take Solvency II. Christopher Cundy shares his thoughts
MPs grill Rule and Woods on equity release, ethics and Brexit
The UK parliament's house Treasury Committee yesterday questioned Bank of England chiefs Sam Woods and David Rule on a host of issues, including diversity, management ethics, Brexit - and insurers' treatment of equity-release mortgages. Ronan McCaughey and Christopher Cundy report
Capital models: run, review, repeat
Recent surveys by consultancies Willis Towers Watson and PwC have revealed how UK life insurers have revised their approach to capital modelling. Christopher Cundy reports on some of the highlights