Analysis

• Lessons from the actuarial archives

  29 December 2016

  Craig Turnbull took a casual journey into the actuarial chronicles and found himself writing a book about what he found. He talks to Christopher Cundy about the greatest thinkers and the biggest controversies in 350 years of actuarial history

  

• View from the Top: Balancing independence and impact

  22 December 2016

  In his quarterly column for InsuranceERM, Tom Wilson, chief risk officer for Allianz, shares his insights into managing risk and capital. In this instalment, Tom discusses the difference between risk controlling and risk management – or how a CRO can balance independence and business impact within the "three lines of defence" model

  

• COMMENT: Eiopa stress test reopens old wounds on Solvency II

  16 December 2016

  Some see LTG measures masking life insurers' risks, others see macroprudential stability. By Callum Tanner

  

• Direct Line's José Vazquez: navigating the digital world

  15 December 2016

  Direct Line's chief risk officer José Vazquez discusses how his risk team has evolved and how it is organising to respond to threats such as digitalisation, big data and driverless cars, with Christopher Cundy

  

• Amending the Solvency II VA to promote good risk management

  13 December 2016

  Use of Solvency II's volatility adjustment (VA) causes hard-to-explain movements in own funds and perverse incentives for hedging and risk management. In this paper, Richard Plat proposes an alternative approach to solve these issues

  

• IFRS 17: the new cloud on the horizon

  08 December 2016

  Could IFRS 17 be even more burdensome and costly than Solvency II? A final text is due to be published in March and insurers are looking for fundamental changes – otherwise some will face a long and expensive path to compliance. Sarfraz Thind reports

  

• Trump government threatens federal and international regime for insurers

  06 December 2016

  'Systemically important' designations, the EU-US covered agreement and US enthusiasm for the IAIS may all disappear over the next four years with Donald Trump as president. Some state commissioners are planning to make the most of an administration that, like them, sees too much power in the hands of federal authorities. Callum Tanner reports

  

• Insights from Bermuda's cat risk management report

  01 December 2016

  The biggest exposure, trends in the use of reinsurance and the popularity of various vendor models are all revealed in the Bermuda Monetary Authority's latest analysis. Christopher Cundy reports

  

• Zurich's Isabelle Welton: "Culture is not something we can teach"

  29 November 2016

  A specific responsibility for culture is highly unusual among senior insurance executives – but it's a mantle that Isabelle Welton has taken on. She discusses Zurich's culture and its journey of improvement with Christopher Cundy

  

• CROs ride wave of uncertainty, but avoid the measuring stick

  24 November 2016

  EY's latest chief risk officer survey reveals a growing reliance on CROs to guide insurers through tricky times, but most are avoiding empirical measurement of their contribution. Christopher Cundy discusses the results with Graham Handy