Watson Wyatt has published its initial analysis of the 1,100 pages of documents put out last week.
The consortium's research paper examines ways of comparing external losses to firms' internal loss events
UK Insurers that operate defined benefit pensions can reduce the cost of their regulatory capital if they take a more holistic view, says Yasheen Rajan
Signs of recovery in the financial markets and the lack of big underwriting losses helped
This is one key message from Watson Wyatt's survey of the UK non-life market
Firms' reliance on the standard formula for op risk is also a concern
But CEIOPS doubts it will regain its 2007 levels
Michel Dacorogna, the company's modelling chief, tells Jessica Baylis the role of the risk manager is to think of the improbable and then work out ways of allowing for this in your risk management.
Ernst & Young report ranks this ahead of model risk
It's part of the firm's new pan-European structure