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.
Consultation paper postponed to end of year
Later his role will extend across the whole group
Individual risks like volatility aren't the problem, argues Milliman's Neil Cantle. The way they combine is.
It should form a separate risk module in the standard formula
The "everyday risk" of human capital is one, says EMB
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.
Report focuses on treatment of non-proportional reinsurance
Included are a thematic review of models, more papers from CEIOPS and QIS5
The CRO Forum lays out seven core principles for the models