FOCUS ON: dipping toes into the experts' perspective

The regulatory aspects post-Solvency II and the implications of Brexit; the role of the CRO and; emerging risk modelling incorporated into routine risk management are three key topics that have been covered by InsuranceERM over the past two months. And these are just some of the areas that will be discussed at our Insurance Risk & Capital conference on 18-19 October.

We have made the below articles free for you to view to give you a flavour of the discussions to be had on the day, so please take advantage of the content and join us at the event in October.


Declining UK influence suggests far-reaching Solvency II reforms

Ahead of the June referendum that saw Britain vote to leave the EU, European National supervisors argued that looming reviews of the standard formula and the long-term guarantees package could be wider than expected.

UK officials in key positions across EU institutions are poised to be substituted; the UK's Prudential Regulation Authority (PRA) will retain its seat and vote at the Board of Supervisors until a formal exit is completed, but in practice its influence will be reduced.

At InsuranceERM's Insurance Risk & Capital 2016, regulatory experts from the Association of British Insurers, Insurance Supervision Agency (Slovenia) will examine the differences in the regulatory landscape across Europe with special insights on Brexit, Regulatory arbitrage, Solvency II implementation and more. The panel will be moderated by BearingPoint.

Another regulatory panel will feature experts from Just Retirement, Prudential Plc and LV= who will discuss the IFRS, recovery + resolution and keeping ahead of compliance and conduct risk.

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The "new" role of the CRO 

In June we caught up with MetLife's Lukas Ziewer to discuss the role of CRO. In this interview Lukas explains the efficiencies that restructuring its operations ahead of Solvency II created and how the role of the CRO has changed dramatically now that Solvency II is in effect.

He also discusses the emerging issues with new regime – volatility of the balance sheet and expectations around capital surplus – and how governance and risk culture is treated at MetLife. 

At InsuranceERM's Insurance Risk & Capital conference, the audience will discuss the remit and role of the CRO and will provide feedback questions for Vinaya Sharma's interview with Raj Singh, Standard Life's Group CRO.

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Cyber risk: cat modelling's biggest challenge yet

Our recent analysis has indicated that Cyber risk is growing, unavoidable and ripe for insurance solutions. The difficulty in managing the risk means many insurers are approaching the market with trepidation.

There are dozens of firms offering specific cyber products, some with experience going back a decade, but in private some executives admit that the risk is borderline insurable.

At InsuranceERM's Insurance Risk & Capital 2016 a dedicated panel featuring experts from Faraday, Wesleyan and NN Group will discuss how confident we are that our risk frameworks are fit for purpose.

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