Archive

  • Key emerging risks have systemic implications

    13 September 2013

    Cyber risks can cost companies more than most traditional risks combined, says a report from Guy Carpenter on emerging risks, which also covers climate change, space risk, pandemics and nanotechnology. The interconnectedness of the world means most of these also pose systemic threats, as these highlights from the report show

  • Reinsurers and brokers steeled for "post-convergence" markets

    10 September 2013

    The rise of alternative capital has been the talking point at this year's reinsurance Rendez-vous in Monte Carlo. The $45bn currently in play could double in next three years, but what will be the effect on pricing and how reinsurers and brokers operate? Christopher Cundy reports

  • Regulation: a billion-dollar problem that needs a strategic solution

    06 September 2013

    The wave of post-crisis regulation has already cost insurers billions and the industry should act to avoid worsening the impact on the bottom line. Better coordination, scenario planning and implementation frameworks are needed, say Francesco Nagari and Seb Cohen

  • The InsuranceERM guide to GRC software for insurers

    03 September 2013

    Large vendors dominate the governance, risk and compliance software sector, where very few of the multitude of systems on offer have been designed specifically for the insurance industry

  • How to develop multi-year capital projections for the ORSA

    29 August 2013

    Solvency II firms have a lot to do to develop their modelling capabilities into a multi-period capital projections. This is why Craig Turnbull and Andy Frepp recommend insurers invest in statistically robust multi-period capital proxy functions such as least-squares Monte Carlo

  • The risks that we most worry about

    27 August 2013

    A poor economy is the biggest fear for the French, while the Chinese are most concerned about climate change and pollution. These are two of the findings from Swiss Re's global survey of risk perceptions, designed to open a dialogue about risks and how society tackles them in future. David Cole explains

  • Managing risk through a corporate acquisition spree

    23 August 2013

    As CRO of Australia's QBE, George Thwaites has extensive experience in this area - first when the firm's takeovers were at their height and now as a tough restructuring programme and strategic rethink are being implemented. He tells Christopher Cundy about the systems and cultural challenges involved

  • FSB widens scope of proposed resolution regime

    21 August 2013

    The Financial Stability Board's consultation on applying the key attributes of resolution regimes to non-banks implies an extension to the range of insurers under scrutiny, as well as to the powers available to supervisors, as InsuranceERM explains

  • Brazil awaits impact from market risk model

    16 August 2013

    Insurers in Brazil are awaiting the outcome of tests on a new model for calculating capital requirements for market risk - the latest step in the country's gradual move towards a Solvency II-style regime. Christopher Cundy reports

  • Solvency II should go global, says the PRA's Kathryn Morgan

    13 August 2013

    Kathryn Morgan of the UK's Prudential Regulation Authority is such a big fan of Solvency II that she would roll it out across the globe if she could. She also uses an ORSA in her personal life. She explains her enthusiasm for the planned regime in this interview with InsuranceERM