We need the whole story on partial models

Postponement of the CEIOPS' paper and regulatory vagueness add to confusion over how partial internal models might be used, yet these could be the choice of the majority of insurers. Jessica Baylis reports.


Partial models pose challenges for CEIOPS

Consultation paper postponed to end of year


Crozet to head aggregate modelling at Amlin London

Later his role will extend across the whole group


Make proper allowances for risk interactions

Individual risks like volatility aren't the problem, argues Milliman's Neil Cantle. The way they combine is.


CRO Forum stresses importance of implied volatility

It should form a separate risk module in the standard formula


Top three flaws in risk management identified

The "everyday risk" of human capital is one, says EMB


Get your priorities right in preparing for Solvency II

Don't start with a gap analysis, argues Charl Cronje. Work on the statutory capital requirement first, then move on to how risk is managed throughout the firm.


Changes needed to standard formula, says Swiss Re

Report focuses on treatment of non-proportional reinsurance


FSA outlines next steps on models

Included are a thematic review of models, more papers from CEIOPS and QIS5


Internal models "indispensable for managing the business"

The CRO Forum lays out seven core principles for the models