Towers Watson wanted to build its non-life business in Europe. EMB wanted to do more than scratch the surface in North America. Here the two key players on each side explain why the combination of the two firms makes strategic sense.
Algorithmics is boosting its drive into the pension fund and tier 2 & 3 insurance markets after acquiring VIPitech. Competing firms think their own business models give them an edge.
From the ORSA and risk management software to models and the use test, insurance company CEOs will face new tests of their knowledge as Solvency II approaches. Jessica Baylis asked five risk experts about the level of understanding that supervisors will expect of the CEOs.
This should be the aim of insurers in 2010, along with a more pragmatic approach to modelling and lobbying for simpler regulation. Industry experts outline these and other developments they'd like to see in ERM this year
Among them: increasing regulatory burdens, a talent shortage, investment dilemmas and looming inflation. Our panel of industry soothsayers spell out their concerns.
Solvency II not only demands masses of extra reporting from insurers to be produced in much shorter time periods, it also expects this to be much more rigorously controlled and documented. How are actuarial business processes and technology responding?
Our guide to 18 systems from 14 vendors shows a wide range of approaches. All of them have features relevant to compliance with Solvency II and some are prepared for pillar II and III requirements.