Hugo Coelho

Articles by Hugo Coelho

  • Insurers weigh up hedges against regulatory curve

    25 November 2014

    Early 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

  • Longevity risk: The allure of causal models

    06 November 2014

    When 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

  • John Huff: Capital cannot be the only answer to systemic risk

    30 October 2014

    While 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

  • Benefit of the matching adjustment could be wafer-thin

    14 October 2014

    If supervisors take a hard line on the methodology for calculating the fundamental spread and issues like diversification, new business and portfolio rebalancing, the adjustment could lose its appeal, reports Hugo Coelho

  • Speeding up reporting processes

    09 October 2014

    Bringing forward the calibration of risk factors in proxy models is one of the strategies to comply with the five-week deadline for quarterly reporting, according to a survey by Towers Watson. Hugo Coelho investigates

  • Excluding terrorism risk?

    25 September 2014

    As the US Congress debates the latest renewal of the Terrorism Risk Insurance Act, fears about expiration are stronger than before, with divisions over state v private sector responsibilities for insurance risk threatening the previous consensus. Hugo Coelho examines

  • Bracing for the liquidity squeeze

    16 September 2014

    The push by regulators for the central clearing of derivatives is a serious issue for life insurers that rely on swaps for duration matching. As Hugo Coelho explores, they could be vulnerable to cash collateral calls if interest rates spike

  • Border crossing?

    04 September 2014

    Scotland-based insurance companies have drawn up contingency plans ahead of the referendum on independence. In the event of a 'yes' vote they could even move south of the border, as Hugo Coelho reports

  • Reporting: How much more does the ECB want?

    19 August 2014

    The European Central Bank is currently finalising a piece of statistical regulation addressed to insurers, after discussions with the industry ended in July. The requirements will be largely aligned with Solvency II, but in a few areas the bank wants more data, as Hugo Coelho explains

  • UK insurers rush 'own interpretation' of Solvency II rules

    29 July 2014

    The Association of British Insurers has compiled a confidential paper setting out the industry's reading of the Solvency II rules in a number of contentious areas, prompting an update from the regulator saying where they have got it wrong. Hugo Coelho reports