Operational risk management raises more questions than answers

Most economic losses have an operational component, yet insurers are still reluctant to commit resources to managing a risk where modelling techniques and management know-how are still in their early stages. Jessica Baylis reports


IERM's top stories chart 2009's risk management challenges

The financial crisis and the toughening demands of Solvency II have been a combined test like no other for companies this year


Insurers should use derivatives to manage risk under Solvency II

The directive will require a total balance-sheet approach to the business and encourage non-life insurers to take a more active approach to managing market risks, argues Peter McGloughlin


Internal model rules unchanged and onerous

The liquidity premium, operational risk and own funds are the big three changes in CEIOPS' final advice, says KPMG


Pluses and minuses: the final advice weighed up

KPMG's Elliot Varnell analyses the key issues in the CEIOPS documents


Use Solvency II to hone corporate strategy, says business school

EDHEC study shows how companies can capitalize on the directive


CP71 boosts capital requirement by 35%

CEIOPS' consultation paper sees big change from QIS4 on premium and reserve risk capital for non-life insurers, says Watson Wyatt


CP65 allows flexibility on partial internal models

But cherry-picking must be avoided. KPMG dissects CEIOPS' consultation paper 65.


Speakers confirmed for global ERM webinar

Tom Wilson is joined by Kathryn Morgan, Andrew Hitchcox, Seamus Creedon and others


Developing an Insurance Scenario Generator

This involves generating risk drivers with a specific impact in insurance companies and then modelling their impact on different risks. Hannes Janse van Rensburg of Watson Wyatt elaborates.