Solvency II ORSA, QIS5, IMAP, Omnibus II, EIOPA
News
German non-life to continue premium hikes in light of poor investment yields
Solvency ratios expected to decline but remain above 250% at year-end 2017 says Fitch
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
Don't underestimate enormity of IFRS 17, warns Hymans Robertson
Implementing the standard that "affects almost every aspect of the business" tops insurers' worries
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
Growth of own funds offsets Achmea's increased market risk
NN's solvency ratio slips 42pp following Delta Lloyd acquisition
BaFin lists failings of German insurers' Solvency II reporting
German regulator shines spotlight on cyber-risk
Talanx's ZZR allocation jumps 41%
ABI slams PRA for adding more Solvency II reporting requirements
Hastings wins approval to use Solvency II USPs
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
Solvency II's legacy for risk teams is dull, repetitive work
...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=
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
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
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
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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...