In this interview, leading risk consultant James Lam argues for much more effective risk management and a radical expansion of the ERM concept
The trialogue will find it difficult to resolve issues such as group support before the crucial vote in the European Parliament
The authority seeks higher risk management standards, especially for those companies hoping to use internal models under Solvency II
The MaRisk VA circular raises the country's preparations for 2012 to a new level. One result: risk management will become more of a board concern. Report by Jessica Baylis
CRO Forum study also shows most of these firms intending to be compliant with Solvency II well ahead of the deadline
Meetings have started in Brussels to thrash out Solvency II sticking points, especially the big one, group support. Can they prevent the directive being delayed? Jessica Baylis reports.
A M Best predicts insurers are more likely to use enhanced internal models that can replicate recent economic events at an appropriate probability level.
Don't let politically-motivated arguments put you off. Solvency II is our best hope for sound insurance markets, says Munich Re's head of solvency consulting Margarita von Tautphoeus.
The standard model in Solvency II is totally inadequate for operational risk. Many in the industry know this. But nothing is likely to change before 2012. By Jessica Baylis
It's based on industry feedback from QIS4 and it suggests a lot of work is still to be done to get the Solvency II directive into final shape.