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Going off-trail on internal models
17 July 2014Over the past three years, about one in three UK insurers intending to build an internal model have scrapped their plans. More could follow before April next year, when the formal applications are due. Hugo Coelho investigates.
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Protecting the diversification credit through driver-based dependency modelling
15 July 2014For many insurers, the credit for diversification in their solvency capital has become essential to the viability of the business. But justifying the credit, both internally and to regulators, is becoming more difficult. Paul O'Connor describes how driver-based modelling can help
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Bidding farewell to Lime Street
10 July 2014In his last media interview before departing to join Standard Life as CFO in August, Lloyd's director of finance and operations Luke Savage talks to InsuranceERM editor Marcus Alcock about the market's recent upgrade, outperforming its peers, and the final leg of preparations for Solvency II.
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Beleaguered German insurers off the hook for reserve sharing
03 July 2014The government is looking at reforms to counteract the continuing low interest rate environment. Hugo Coelho investigates
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PRA ignores insurers on matching adjustment rules
30 June 2014The UK's regulator has failed to clarify the rules for applying the matching adjustment, but has set out conditions for repackaging assets and is inviting firms to engage in a trial application. Hugo Coelho reports
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Data quality is not just about compliance
25 June 2014Ensuring and maintaining data quality standards is a vital part of the process for validating internal model and standard formula calculations and for validating their use in decision-making. But there are many more issues to consider than mere regulatory compliance, as Dominic Rau explains
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Hedge funds bring risk and return to reinsurance business
24 June 2014Hedge funds are changing the nature of reinsurance. The heavy emphasis on investment returns might serve them well in declining reinsurance markets, but there are risks involved with this approach. Sarfraz Thind reports
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Pushing for professionalism in risk management
18 June 2014Risk managers are under growing pressure to prove their competencies with regulators and rating agencies, say Amlin's Alex Hindson and Aviva's José Morago. They talk to Christopher Cundy about how qualifications can help
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Capturing climate change in cat models
17 June 2014According to Lloyd's, insurers should be including climate change in their catastrophe models. But with the uncertainties and differing timescales, it is not that simple in practice. Katie Kouchakji reports
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UK insurers substantially on track for ideal ORSA
10 June 2014Many still see it as a burden rather than a benefit, says LCP's Catherine Drummond, and Lloyd's firms tend to be more negative about its usefulness. She talks to Christopher Cundy about the findings of a recent survey
- AI's potential to improve customer outcomes
- Cayman Islands aiming to become the next reinsurance idyll
- PRA's revised solvent exit planning regime: four ways to prepare
- Insurance Europe raises concerns over updated Solvency II proportionality framework
- Eiopa proposes 100% capital charge to insurers' crypto holdings
- Life insurers profiting from streamlining through asset-intensive reinsurance
- Reinsurers' share of insured natcat losses halved in 2023, S&P Global estimates
- IFoA's proposed DEI changes to Actuaries' Code divide the sector
- Domhnall Cullinan to leave Irish insurance supervisory role
- FCA non-financial misconduct survey makes "uncomfortable reading" for London market