Blogger Archives: David Simmons

David Simmons

David is a Managing Director in the Willis Re Analytics team in London. He focuses on Enterprise Risk Management, including advising reinsurers on regulatory issues (such as Solvency II), rating agency matters and broader financial and capital modeling. A pioneer in reinsurance modeling, he started his career in 1985 and specializes in models for large national catastrophe schemes, including capital market involvement, cancellation programs and the modeling of trade credit and political risk.

Reinsurance and Solvency II: The Challenge of Regulating Diverse Markets

global analytics

If you’ve read any of my past blogs about Solvency II you will know that I have a love/hate relationship with it. I fully believe in and support what Solvency II is trying to do but find the way it … Continue reading →

Solvency II Gets Real

EIOPA: Pre Stress SCR Ratios

The last few days have seen an avalanche of documents from the European regulator EIOPA.  Solvency II, for so long a dream or nightmare, is due to go live in just over 12 months.  It’s getting pretty real. Continue reading →

Capital Modelling in Solvency II – Where Did it All go Wrong?

At a recent scientific seminar I was asked to talk about Insurance and Reinsurance In the Modelled World. I argued the case for capital modelling was clear-cut, and that in five years’ time every insurer of any size will likely … Continue reading →

Pigs Fly: Solvency II Agreement Reached

Pigs Fly

There is a special form of the Theory of Relativity that applies to insurance. As Solvency II’s planned implementation date approaches, time slows down and then grinds to a halt—Solvency II must always be three years away. The theory has … Continue reading →

What Does the Chinese Year of the Snake Hold for the Reinsurance Industry?

Snake Eye - Year of the Snake

According to unimpeachable sources (i.e Wikipedia – the lazy researcher’s friend) people born under the sign of the snake are intelligent but have a tendency to be somewhat unscrupulous. So, not cut out for a career in reinsurance then? I’ll … Continue reading →

In, Out or Shake it all About? Cameron’s EU Dance Creates Uncertainty for the City of London

EU without UK

The UK’s attitude to Europe is best summed up by an apocryphal 1930s newspaper headline “Fog in Channel – Continent Isolated”. But unfortunately in today’s global economy the UK cannot hide behind sea mists. Continue reading →

In, Out or Shake it all About? Cameron’s EU Dance Creates Uncertainty for London

EU without UK

The UK’s attitude to Europe is best summed up by an apocryphal 1930s newspaper headline “Fog in Channel – Continent Isolated”. But unfortunately in today’s global economy the UK cannot hide behind sea mists. Continue reading →

Emerging Reinsurance Risk of 2013: Euro Referendum Risk

Emerging Risks

The UK is caught in a quandary. Free trade in financial services has been and remains key to the City of London’s continued fortunes, particularly in the insurance sector. Continue reading →

Our Scariest Analytics Risk – Science Threatened

Scariest Risks

It's a major concern that scientific opinion is now coming under serious legal challenge. Continue reading →

Solvency II – It’s Groundhog Day Again….

Groundhog Day for Solvency II

Yes, in Insurance World it is Groundhog Day again. Solvency II has been delayed. Again. (OK not yet officially but more or less a cast iron 100% certainty). Continue reading →

Posts by Author in Portuguese:

Não há lugar para raciocínios bitolados na Indústria de Resseguros

Recentemente, apresentei um estudo sobre a percepção de riscos para o Parlamentary & Scientific Committee do Reino Unido. Apresento abaixo um resumo da minha palestra, mas você pode acessar o estudo completo, “Risky Business: Risk and Reward Assessment in Business … Continuar lendo →

O Prudential vai Deixar Londres por Causa do Solvency II?

Atirando contra os reguladores e políticos no Reino Unido e na Europa, o Prudential (PRU) anunciou que está revisando seu domicílio como uma possível resposta às “conseqüências não pretendidas” das regulações do Solvency II. Continuar lendo →