A modular approach to the ORSA

An insurer's ORSA can be constructed from three modules, the risk profile, the prospective solvency and the ORSA governance and firm's ERM. The exercise may be costly but firms will benefit both internally and externally, argues a Willis Re report, excerpted here


Germany needs its confidence in Solvency II restored

German insurers are well capitalised but the German insurance association plans its own QIS next year because it says Eiopa's QIS5 destroyed confidence in Solvency II. Lorna Davies looks into Germany insurers' concerns over the directive


BaFin's pre-application process is demanding

Many meetings, reams of documents