Models Capital, Risk, Economic Scenario Generators

News

Ten steps on how to win an InsuranceERM Award

Deadline for entries is Friday 13 December

North of England flood losses could cost insurers £120m

More than 500 properties have been flooded and 1,200 households have been evacuated.

Fema delays flood model to 2021 after Congress pushback

Fear of hike in US flood insurance rates sees delay until after Presidential election

City to investigate "alternative cover" to plug earthquake protection gap

Officials in Wellington, New Zealand say most homes are underinsured

InsuranceERM Awards 2020 - Entries are now open!

Deadline for entry into 38 categories is Friday 13 December 2019

Video: How RenaissanceRe is adapting its cat risk modelling in light of climate change

"Climate change is a big issue for the insurance industry today" says Edward Mishambi, Senior Vice President, Head of Risk Management at RenaissanceRe.

Perils expands catastrophe data coverage to New Zealand

The covered catastrophes are earthquakes, floods and extratropical cyclones

Climate-change cats are permanent and man-made, says RenRe CEO

Industry models not capturing severity of cats or future prospects

Wildfire cat modelling benefits highlighted

Milliman says wildfire models can provide enhanced quantification of future wildfire risk

Analysis

Keeping control over deep learning models

How can insurers' model risk management frameworks cope with the introduction of deep learning models? Ronald Richman, Nicolai von Rummell and Mario Wüthrich explain

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 technology trends in risk and capital management

As re/insurers look to implement IFRS 17, manage cyber risk and drive modelling efficiencies, software vendors are gearing up to respond. Cloud and process automation solutions also figure highly in this year's InsuranceERM Technology Guide, introduced by Ronan McCaughey

Views of enterprise risk management in 2030

Chief risk officers who want to participate in the strategy of their organisations will need to develop their vision for the future of the ERM function. Willis Towers Watson executives share their views on how risk management might evolve

"We want clarity and certainty for IFRS 17 implementation"

Patrick Klijnsmit, director of finance, risk & performance management and control at ASR, talks to Cintia Cheong about choosing vendors and contractors, and what he thinks of the proposed changes to the accounting standard

Figuring out profit emergence under IFRS 9 and IFRS 17

Gavin Conn and Steven Morrison examine how the choice of liability discount rate affects the expected profit emergence and earnings volatility under IFRS 9 and IFRS 17