Individual risks like volatility aren't the problem, argues Milliman's Neil Cantle. The way they combine is.
It should form a separate risk module in the standard formula
The "everyday risk" of human capital is one, says EMB
Don't start with a gap analysis, argues Charl Cronje. Work on the statutory capital requirement first, then move on to how risk is managed throughout the firm.
Report focuses on treatment of non-proportional reinsurance
Included are a thematic review of models, more papers from CEIOPS and QIS5
The CRO Forum lays out seven core principles for the models
bfinance survey highlights shortcomings, suggests alternatives
Tail risk is hard to understand and very difficult to mitigate. But the effects can be seen, disastrously, in the banking industry. Jessica Baylis talks to those looking for answers
The firm is using it to branch out into investment consultancy