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Lloyd's responds to backlash over internal model change
Proposals to alter Lloyd's policy on internal model change have been rejected by managing agents and the corporation is scrambling to respond. Christopher Cundy reports
The PRA's plan for a market-turning event
Supervisors are ready to help insurers understand how the new regulatory environment will respond in the event of an unprecedented major catastrophe, as explains Chris Moulder, director of general insurance at the Bank of England
UK insurers emphasise post-Brexit opportunity
Senior management from Lloyd's, L&G, Prudential and the ABI have presented evidence to the Treasury Select Committee. With a hard Brexit now on the horizon most firms have given up on retaining single market access and are instead focusing on the benefits of changing Solvency II. Callum Tanner reports
Agenda 2017 part 2: Disaster and disruption
Trump, the rise of populism, the soft reinsurance market, internal model updates, cyber risk, tech disruption and the possibility of rising rates present insurers with threats and opportunities in equal measure. Callum Tanner reports
View from the Top: Balancing independence and impact
In his quarterly column for InsuranceERM, Tom Wilson, chief risk officer for Allianz, shares his insights into managing risk and capital. In this instalment, Tom discusses the difference between risk controlling and risk management – or how a CRO can balance independence and business impact within the "three lines of defence" model
COMMENT: Eiopa stress test reopens old wounds on Solvency II
Some see LTG measures masking life insurers' risks, others see macroprudential stability. By Callum Tanner
Amending the Solvency II VA to promote good risk management
Use of Solvency II's volatility adjustment (VA) causes hard-to-explain movements in own funds and perverse incentives for hedging and risk management. In this paper, Richard Plat proposes an alternative approach to solve these issues
Insights from Bermuda's cat risk management report
The biggest exposure, trends in the use of reinsurance and the popularity of various vendor models are all revealed in the Bermuda Monetary Authority's latest analysis. Christopher Cundy reports
Actuaries call for improved Solvency II transitional reset methodology
When and how to recalculate the transitional measure on technical provisions has proved one of the trickiest aspects of the Solvency II regime for UK insurers. Actuaries argue the PRA will need to refine the methodology if firms are to take a more meaningful benefit. Callum Tanner reports
The tech trends of 2016
Christopher Cundy discusses the current themes in risk and actuarial software