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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.
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.
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.
CEIOPS releases 12 consultation papers
They form the first stage of the Level 2 implementing measures
More details emerge of compromise on Solvency II
The path to final approval becomes much clearer
At last, a Solvency II compromise is agreed
But group support is at least several years away
Solvency II deal close but without group support
The trialogue seems to have hammered out a deal of sorts
Risk committees must focus on risk alone, says FSA
Strong independent oversight of top management is also required
"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.
Hope for group support fading in Brussels
The chances of this section of Solvency II being restored look dim