Roundtables

Risk modelling

Managing risk in a commercial context

Risk management teams are taking on greater responsibility and having more commercial input, but what does this mean for organisational structures? And should risk always dance to the beat of the business? European risk leaders discuss these and other questions in the first part of this InsuranceERM and SunGard roundtable.

Where next for risk modelling: industrialisation or app store?

Many conversations around risk and capital modelling highlight the need to 'industrialise' processes. But is this 18th century concept appropriate for insurers in the 21st century? European experts discuss this and other risk management questions in the second part of this InsuranceERM and SunGard roundtable

Countdown to Solvency II

Walking the tightrope of Solvency II

As the Solvency II deadline ticks ever closer, insurers are anxiously awaiting for clarity to emerge on several important issues and fear that stalling by regulators could throw their preparation plans off track, as the participants in this InsuranceERM and Thomson Reuters Accelus roundtable discuss

Solvency II countdown: allocating actuarial resource

In the second part of the InsuranceERM and Thomson Reuters Accelus roundtable, insurers discuss their concerns over the matching adjustment, passing the 'use' test and challenging reporting timetables for pillar 3

Solvency II pillar 3 reporting

Seeking a firm footing in the shifting sands of pillar 3

The interim guidelines have added urgency to insurers' preparations for the reporting elements of Solvency II. In the first part of this InsuranceERM and Invoke roundtable, participants discuss how they are approaching the challenges

Tussling with taxonomies in pillar 3 reporting

Insurers are having to learn fast about the technicalities of Solvency II data taxonomies and XBRL reporting, as participants in the second part of this InsuranceERM and Invoke roundtable report. They also discuss reporting on assets, the remaining uncertainties – and what they would have done differently

Capital models

Are models more complex than they need to be?

This was one of the issues addressed by participants in an InsuranceERM roundtable discussion, sponsored by Aon Benfield's ReMetrica. Also covered in part one of our report are some of the benefits of using capital models, involving and educating the board, and technology issues

Embedding the capital model in the business

Differing approaches to making the model an integral part of day-to-day business operations emerged at the recent InsuranceERM roundtable discussion, sponsored by Aon Benfield's ReMetrica. Also covered in this second part of our report are the constraints and limitations of models, as well as their governance and validation.

Managing operational risk

Operational risk: is quantification or control more critical?

Assessing likely losses from operational risk is an improving area but still subject to many imponderables. So building a strong control framework and the right culture to identify potential problems is equally important for re/insurers, concluded participants in a recent InsuranceERM roundtable in collaboration with Thomson Reuters Accelus

Managing operational risk is about good business practice

However much attention is devoted to loss data, modelling, KRIs, risk appetite and other operational risk issues, most of what an insurer needs to do in this area should already be part of the way it runs its business. This theme ran through the second part of the recent InsuranceERM roundtable in collaboration with Thomson Reuters Accelus