Aviva, Legal & General and Prudential are among firms that have adopted this approach, but it brings challenges as well as benefits, as these excerpts from a paper released by risk solutions' provider Algorithmics describe
Avoiding the costs of dual-running an ICAS and Solvency II model during 2013 and other issues arising from the delay in implementation of the directive to 2014 are clouding insurers' planning. Three experts give their views on the areas where firms should be focusing
Will provide reinsurance for Rothesay's acquisition of Paternoster
Monetary easing in both markets will lower returns
Regulatory change and the proliferation of guarantee products have driven the development of a range of economic scenario generators (ESGs). Here's a detailed look at the different approaches of 11 such models, based on responses from their producers and providers to an InsuranceERM questionnaire.
The directives just won't work, says Prudential Financial vice chairman
While Switzerland, the US and Bermuda are seen as the most important countries in terms of equivalence with Solvency II, other jurisdictions are also pressing ahead in developing similar risk-based regulation. Lorna Davies reports.
Investment and longevity risk transferred in $75m transaction
Latest annual rankings by A M Best are based on assets and on net premiums written
Aviva has joined the Life & Longevity Markets Association, bringing the LLMA's membership to eleven.