Operational risk

The best approaches to monitoring and managing operational risk

Operational risk cuts across all aspects of insurers' businesses and developing a full picture can be challenging. In InsuranceERM's roundtable discussion in collaboration with Thomson Reuters Accelus, experts shared their views on the basic definitions, overlaps with conduct and reputational risk, risk frameworks and assessments, loss reporting and modelling.

Strategic risk

Shaping up on strategic risk

It's a risk that every insurance company faces, yet the common ground is sometimes hard to find. In part one of this InsuranceERM/Towers Watson roundtable, risk managers discuss what strategic risk means to them, the value of risk labels and the influence of regulators

Capital management

Managing capital through the fog of Solvency II

Delays and doubts about Solvency II implementation have created fresh challenges for insurers in managing their capital. In part one of this InsuranceERM/Towers Watson roundtable, participants discussed how it can be an opportunity to do things better

Coping with competing views on capital setting

In the second part of the InsuranceERM/Towers Watson roundtable on capital management, participants discussed the impact of ICAS+, the Prudential Regulation Authority's view on internal models and the importance of rating agencies

Coping with the Solvency II delay

Insurers rue Solvency II's loss of momentum

Leaving aside the further setbacks to the timetable for Solvency II implementation, participants in the recent InsuranceERM/QlikView roundtable also expressed concern over the attitude of regulators to internal models and the likelihood that the industry would see no capital benefits from complying with the directive

Own Risk and Solvency Assessment

Is the ORSA the biggest challenge of Solvency II?

The frequency of the ORSA, its forward-looking nature, potential discrepancies between it and the SCR "" all these issues were discussed at an InsuranceERM/SAS roundtable where there was general agreement that, despite some key uncertainties, the ORSA is a valuable exercise

Weighing up the costs and benefits of the ORSA

Part two of last month's InsuranceERM/SAS roundtable on the own risk and solvency assessment (ORSA) focused on dry runs, keeping the ORSA up-to-date, the management/board role, data/technology and the value or otherwise of the whole exercise