Models Capital, Risk, Economic Scenario Generators
News
Caribbean insurers face up to $85bn losses from Maria, AIR estimates
Puerto Rico absorbs more than 85% of the loss
GDV responds to BaFin's Orsa criticisms
German insurers express surprise at regulator's public criticisms of Orsas
BaFin considers data age-ceiling for Orsa documents
German regulator has found various shortcomings in underwriters’ assessments
Early estimates for Irma's insured losses reach $60bn
Deluges inland in US could follow wind and storm surge damage in Caribbean
Hiscox chief predicts "sweaty few weeks" for industry as hurricane season unfolds
But Bronek Masojada says industry will weather the North Atlantic disasters
Irma's Florida track a worry for ILS investors
Economic losses from Hurricane Harvey could hit $90bn, predicts RMS
Growth of own funds offsets Achmea's increased market risk
NN's solvency ratio slips 42pp following Delta Lloyd acquisition
UK rural crime cost £39m in 2016 says NFU Mutual
Tech firm promises low-cost, flexible economic scenario generator
Aon Benfield launches ReMetrica 'Ultimate' edition
Analysis
Where next for economic scenario generators?
Insurers have for decades relied on economic scenario generators (ESGs) in their risk modelling, asset management and business steering. Christopher Cundy investigates what the next big developments might be in this important piece of modelling software
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
Sourcing data for cyber risk management
Insurers crave data to better write cyber risk policies and understand their risk accumulation, but getting hold of it is a tough assignment. Cintia Cheong 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
Yes, no, maybe: the PRA responds to industry's Solvency II reform agenda
The UK regulator has made a point-by-point reply to the Association of British Insurers' agenda for Solvency II reforms and confirmed its priority to review the reporting requirements. Christopher Cundy reports
Deferred tax continues to complicate SII ratios
Changing requirements from regulators over the loss absorbing-capacity of deferred tax means insurers' Solvency II capital will remain at the mercy of this complex, opaque and inconsistent factor
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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...