Category Archives: Reinsurance

Soft Market Slowdown in Pockets at July 1 Renewals

WillisRe-1stView_July2015

The latest ‘1st View’ reinsurance renewals report – out yesterday from Willis Re – reveals that while competition remains intense for non-peak areas, signs of reinsurance pricing stabilization are starting to emerge in peak property catastrophe zones. Continue reading →

Risk Appetite and Tolerance

tightrope walker

Although most insurers operate with a good risk appetite, in most cases, it is not articulated in a way that managers can connect to ERM terminology. Continue reading →

Reinsurance and Solvency II – Part 1: 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 →

Emerging ERM Risk of 2015: Outsourcing

global-gear

Outsourcing might just be the most common business management earnings booster of the past 10 years. Which means that it is also a top candidate for becoming a major emerging risk in the near future. Continue reading →

ERM in Practice: Risk Policies and Standards

written rules

This fifth installment of ERM in Practice looks at a dozen global insurance and reinsurance groups, extracting several concrete examples from their ERM policies and frameworks. Continue reading →

No Respite for Reinsurers at January 1 Renewals

Willis Re 1stView: Property-Catastrophe-Pricing-Trends

The latest renewals report from Willis Re highlights that relentless rate reductions, low investment returns and the continued influx of alternative capital have offered no respite for reinsurers at the January 1, 2015 renewal season. Continue reading →

Guide to ERM: Writing an ORSA Report

Reports

Insurance regulators have made the Own Risk and Solvency Assessment into one of the global Insurance Core Principles that need to be adopted in all countries. Continue reading →

Guide to ERM: Risk Measurement & Reporting

Measure

Peter Drucker is reported to have once said “what gets measured, gets managed.” That truism of modern management applied to risk as well as it does to other more commonly measured things like sales, profits and expenses. Regulators take a similar … Continue reading →

Top 10 of 2014 – #3: Guide to ERM: Risk Identification

TS-Man-with-Binoculars-7786

There are a number of common threads linking the emerging regulatory guidelines; one of these is the fundamental importance of risk identification. Continue reading →

Top 10 of 2014 – #4: Guide to ERM: Risk Appetite and Tolerance

fork and plate

Insurers are increasingly being asked to explain their approach to risk management and as a part of that discussion to clarify their risk appetite. Rating agencies are all asking about risk appetite. Regulators around the world will all soon require … Continue reading →