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Preparing for major crop losses in China
02 December 2014When we think of catastrophic crop-related losses, China isn't necessarily the first country to spring to mind, but the potential for a multi-billion industry insured loss event is one that needs to be taken seriously, according to Heidi Wang and Jacqueline Chen
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France takes another Solvency II test
27 November 2014There has been much talk about the challenges of preparing for Solvency II, but only insurers in France can claim to have had anything like a real test. Romain Paserot at French regulator ACPR shares his view of progress with Christopher Cundy
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Insurers weigh up hedges against regulatory curve
25 November 2014Early in November Eiopa unveiled the paper which determines the length and the method for extrapolation and sets the figures used to calculate the volatility adjustment. Finally insurers can roll out their hedging plans, as Hugo Coelho reports
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The pricing predicament
20 November 2014There is now a widespread desire for actuarial technical pricing amongst insurers, with the move to a more scientific and less purely underwriter-led approach to pricing at both strategic and individual risk levels, as David Edison explains
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CRO profile: Eberhard Müller
18 November 2014Eberhard Müller, chief risk officer of Hannover Re, talks to Marcus Alcock about the increasing importance of qualitative risk management, the long and winding road for internal model approval, and the problem with international capital standards
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The ORSA: Considering risks that fall outside the standard formula
13 November 2014Putting together the ORSA has been one of the most challenging processes for many in the run up to Solvency II. Here Colin Murray urges insurers in the standard formula channel to consider more unusual risks and the ways in which they can capture them
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Longevity risk: The allure of causal models
06 November 2014When measuring longevity risk, insurers typically look into the past for clues. However, the recognition of the shortcomings of this backward-looking approach is prompting the industry to consider more forward-looking models which allow insurers to identify the drivers of mortality, as Hugo Coelho reports
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Novae's Reeken Patel: Solvency II will be worth it
04 November 2014Novae's Reeken Patel, only recently installed at the respected Lloyd's player, talks to Marcus Alcock about Solvency II preparedness, the responsibilities of a CRO, and approaching unmodelled risk
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John Huff: Capital cannot be the only answer to systemic risk
30 October 2014While in Amsterdam for the conference of the International Association of Insurance Supervisors, Hugo Coelho caught up with Missouri insurance commissioner John Huff. Here he elaborates on his criticism of global standards, and discusses key aspects in the tug of war between the US and Europe on the convergence of insurance regulation
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Full steam ahead for Solvency II technology implementation
28 October 2014The heat is on insurers to make their technology work in a fast-paced and regulation-bound environment, as Christopher Cundy surveys the scene in his introduction to the InsuranceERM Technology Guide 2014-15
- Are economic capital models still fit for purpose?
- Solvency UK matching adjustment: 2024 review
- US PRT pause "a blip", Japan an exciting prospect for life reinsurance, says RGA
- Aureum Re's Cayman treasure hunt
- New Zealand insurers' solvency plunges after earthquake stress test
- Axa's German life policy transfer unit reports drop in solvency ratio
- Increase flexibility of EU sustainability reporting standards, German insurers urge
- Warren Buffett to step down as Berkshire Hathaway chief
- AI liability policies hindered by limited data and silent coverage
- Geopolitical uncertainty raises Eiopa's alarm bells, but risk outlook stable