195

Eberhard Mueller's dual view of risk at Hannover Re

Being both CRO and chief actuary gives him a stronger grip on the firm's risk management than most of his peers. He describes his role and his approach to Jessica Baylis.

182

Analysing the CEIOPS consultation papers

CEIOPS produced a veritable library of material on 26 March: 12 papers covering internal models, governance systems, technical provisions, valuation of assets and many other issues. These papers form the first set of draft formal advice on Solvency II level 2 implementing measures for consultation. Watson Wyatt guides us through them.

181

How big a test will the ORSA be?

For firms preparing for Solvency II, there's no let-up. If they thought modelling issues were one of the most challenging aspects of the directive, they're now beginning to worry seriously about another part of Solvency II, the own risk and solvency assessment (ORSA). There has been little information and little guidance from the authorities on ORSA and that has only fuelled concern about how much of a burden it will create for firms complying with it.

180

CEIOPS releases 12 consultation papers

They form the first stage of the Level 2 implementing measures

179

More details emerge of compromise on Solvency II

The path to final approval becomes much clearer

178

At last, a Solvency II compromise is agreed

But group support is at least several years away

176

Solvency II deal close but without group support

The trialogue seems to have hammered out a deal of sorts

173

Risk committees must focus on risk alone, says FSA

Strong independent oversight of top management is also required

172

"Financial crisis boosts opportunities for actuaries"

Actuaries invented many techniques for managing risk; now they should take on a wider role in finance, says Seamus Creedon. He also talks about proportionality, ORSA and other Solvency II issues.

171

Hope for group support fading in Brussels

The chances of this section of Solvency II being restored look dim