Using nested simulation for economic capital

The number of risk drivers and potential complexity of their joint distribution makes it natural to adopt a simulation approach to estimate the tail percentile of a balance sheet, explains Steven Morrison


"Legal & General likely to suffer from Solvency II"

Its annuity focus and the absence of concessions from CEIOPS are concerns, says Bernstein


Swiss Re enters SwFr 1.3bn deal with Berkshire Hathaway

Reinsurer aims to improve capital efficiency


Credit profile of reinsurers is vulnerable

Moody's warns of the capital implications of a soft renewals market


Pimco review eases US insurers' capital worries

Estimate of funds needed a lot less than rating agencies'


Better integration and communication of risks needed

This should be the aim of insurers in 2010, along with a more pragmatic approach to modelling and lobbying for simpler regulation. Industry experts outline these and other developments they'd like to see in ERM this year


2010 will bring many challenges, warn risk experts

Among them: increasing regulatory burdens, a talent shortage, investment dilemmas and looming inflation. Our panel of industry soothsayers spell out their concerns.


Understanding risk tolerance is key ERM challenge

Risk appetite has to be established at group level, stresses Aon Benfield report


Cat capacity is nearly back to all-time high

Aon Benfield report highlights recovery in insurers' capital