Annuity models will need to change
Jim Ewing takes over from Charles Garthwaite
CAS paper provides pricing and valuation models
Scottish centre will bridge actuarial and business gap, says Institute and Faculty of Actuaries
Rosie Harris, CRO of Friends Life, has held a variety of roles which, she says, have prepared her perfectly for the CRO role. Switching people between the risk function and the wider business builds awareness of risk management through the whole organisation, she tells Lorna Davies
Liquidity swaps can give insurers collateralised exposure to higher-yielding assets and ease the pressure on investment performance. But does the yield pick-up compensate for the complexities of the market?
Harris will report to CEO
The QIS5 discounting rules should encourage greater derivatives usage while the proposed capital charges for credit will encourage a focus on shorter-duration higher quality bonds, argues Peter McGloughlin.