Search Results
Five tips for ORSA success
The own risk and solvency assessment (ORSA) is intended to be at the heart of Solvency II and while some insurers have sown the seeds of a good ORSA and are seeing it blossom, others have issues that need weeding out. Catherine Drummond and Rob Murray consider five tips for making the ORSA a success.
ICS loses steam
Plans to introduce a global standard for insurance capital have altered, with the International Association of Insurance Supervisors opening the door to differentiated implementation at the national level. Hugo Coelho reports
US ORSA comes to life
Before the end of the year, large US insurers will submit an ORSA report to supervisors. This represents a step change for the industry, but is likely to be just the beginning of a broader process of transformation, Hugo Coelho reports
What's expected in the "record of the ORSA"
Insurers submitting their Solvency II own risk and solvency assessment (ORSA) will have to include a number of supporting documents. Darko Popovic considers what the record of the ORSA requires and why it should not be an afterthought
Tying federal regulators in knots
Insurers are increasing their lobbying efforts as legislation advances through Congress that is designed to limit the discretion of federal regulators in designating systemic firms and devising capital standards. Hugo Coelho reports
Smarter technology calls for smarter thinking
Recent advancements in consumer electronics have served both as a source of fascination and a source for concern in the boardrooms. Insurers should avoid getting lost in apps and gadgets and instead identify how technology can be leveraged to add value, says Torbjörn Magnusson
Internal model submissions begin, despite ambiguities
Despite unclear rules and conflicting approaches from national supervisors, insurers have started submitting their Solvency II internal models for approval. Christopher Cundy and Hugo Coelho assess the state of play
NAIC's Urias: "ICS should not be tied to one valuation methodology, not at this stage"
The attempt to create global convergence on insurance supervision is proving to be a bumpy ride. Christina Urias, the NAIC's director for international regulatory affairs, explains to Hugo Coelho how the states view the reinsurance collateral agreement with the EU and the global capital standard.
Gilt-swap spread risk charge to accelerate ALM rethink
A request by the UK regulator for internal firms to hold capital against the basis risk in their government bond portfolios will increase incentives for the insurers to move away from long-dated government bonds into swaps. Hugo Coelho reports
Data is the key to Solvency II USPs
The use of undertaking specific parameters can significantly reduce Solvency II capital requirements, so long as insurers can produce high quality data, say Dale Lee and Claire Briggs