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Don't underestimate the challenges of workflow, governance and reporting
Internal model projects which from the start give at least equal weight to workflow, governance and reporting as they do to analytics advance more smoothly, argues Dr Andrew Aziz, who discusses with Allianz, ING and L&G the importance of addressing pillars 1, 2 and 3 of Solvency II in parallel
Allianz realises "profit" on Greek debt swap deal
Holdings were written down to quarter of value in 2011
Insurers report profits despite heavy cat claims
Allianz hits its profit targets
Marine insurers struggle to model more extreme risks
The Costa Concordia disaster brought the issue of marine risk into sharp and tragic focus last month. Despite other similar accidents, insurers are struggling to model the impact of large loss events, Sarfraz Thind reports
More insurers to be downgraded?
Allianz and CCR amongst those already downgraded by AM Best
ABI issues guide to best practice for cat models under SII
Collaboration between association and 19 firms
US coalition urges Congress to reform flood insurance
SmarterSafer encourages catastrophe bond usage
More awareness of flood risk needed
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Allianz says the costs of floods have risen from $5bn to $40bn in past 40 years, and floods now account for the majority of natural disasters occurring in any given year