It highlights some major changes from current practice
Final advice on MCR and underwriting risk published
Will lead to significant changes under Solvency II
Finalizes its criteria for countries seeking Solvency II parity
No significant changes in pre-application guidance
Two-month delay not ruled out
From the ORSA and risk management software to models and the use test, insurance company CEOs will face new tests of their knowledge as Solvency II approaches. Jessica Baylis asked five risk experts about the level of understanding that supervisors will expect of the CEOs.
The reward: more stable and predictable capital, says Bernstein
A CRO's greatest challenge is conveying the complexities of risk to their CEO. In an interview with Jessica Baylis, Kiln's Andrew Hitchcox advises on how this can be overcome and argues for a greater focus on model breakdown risk.
And says Commission is responsive to change