Hannover Re plans operational risk review after internal model approval

Chief risk officer Eberhard Mueller talks to Christopher Cundy about the years of work behind its Solvency II internal model and how he plans to develop the reinsurer's approach to operational risk modelling


'Extracting value from the internal model' is a flawed approach

Internal models will fail in their attempt to serve two masters – the regulator and the business – so insurers should fundamentally rethink how they can benefit from their years of development work, argues Adrian Ericsson

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ESRB locks horns with Eiopa over Solvency II UFR

The ultimate forward rate has been one of Solvency II's least contentious elements – until now. The European Systemic Risk Board is pushing for a revision that could have a dramatic effect on insurers' solvency. Hugo Coelho reports


Stress-testing the red tape

Is the regulatory bureaucracy imposed on the London market damaging its ability to react in the aftermath of a major catastrophe? Christopher Cundy reports


First box ticked in Solvency II data reporting

Fears that insurers would flounder in the first test of their Solvency II reporting systems have eased, but it has not all been plain sailing. Christopher Cundy reports


Systemic risk buffer may miss the target

The IAIS has unveiled a formula to calculate the high-loss absorbency for global systemically important insurers. The industry claims the requirement is set too high and fears it will be poorly targeted. Hugo Coelho reports


Add-ons' exposé could prompt shake-up of insurance products

Mounting regulatory scrutiny on ancillaries might pave the way for a reform of general insurers' product range, particularly if the changes cause profits to fall. Hugo Coelho reports


Mutuals find a new path to share capital

The UK's mutual insurers are eagerly awaiting the outcome of negotiations on legislation that could help lead a revival of the sector. Asa Gibson reports


The supervisor with the toughest job in Europe

Germany's life insurers could face the biggest test from low interest rates and the introduction of Solvency II. Hugo Coelho talks to the president of the country's financial supervisor, Felix Hufeld, about the resilience of the industry and the cards it can play


Integrating emerging risk: an alternative perspective

Integrating emerging risk into risk management frameworks and capital models is challenging for insurance companies. Buu Truong and Gemma Gregson investigate whether analysing cause, rather than effect, can help overcome some of the difficulties