Category Archives: Reinsurance

Adapting to Climate Change: Insurers as Bellwether

ClimateChange_Reinsurance

Insurance touches and is touched by much of human activity around the globe.  So it should not be a surprise that insurers can be expected to be a bellwether for the economic impact of climate change. Continue reading →

Special Report: Adapting to Climate Change

WillisWire Special Feature: Adapting to Climate Change

A new report from the Intergovernmental Panel on Climate Change (IPCC) Working Group warns that no one on the planet will be untouched by the damaging effects of global warming in coming decades. While public policy and government intervention can … Continue reading →

Video: Mutuals Must Differentiate to Weather Current Challenges

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In this blog I speak with mutual (re)insurance specialists David Thomas, CEO of Market Services & Solutions at Willis; Robin Swindell, Executive Vice President at Willis Re and John Haydon, Executive Director at Willis Re. Continue reading →

Guide to ERM: Writing an ORSA Report

Reports

Insurance regulators have made the Own Risk and Solvency Assessment (ORSA) into one of the global Insurance Core Principles that need to be adopted in all countries. Several countries have already adopted an ORSA requirement and in all cases, there … Continue reading →

Guide to ERM: Economic Capital Model Validation

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Fundamentally, an economic capital model seeks to consistently use exposure information and limited actual experience to estimate the impact of remote events that may or may not have ever happened in the past. Those who seek to make use of … Continue reading →

Guide to ERM: Risk Management Disclosures

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U.S. insurers have made the case to the insurance regulators at the National Association of Insurance Commissioners (NAIC) who have been drafting the U.S. Own Risk and Solvency Assessment (ORSA) requirements that the ORSA report as defined will contain sensitive … Continue reading →

Video: How Reinsurance Training has Developed

Keith Riley video

Recently I spoke with Richard Mackillican, Communications Director for Willis Re, about the Reinsurance Training Programme and how the industry has changed since I joined over 40 years ago. Continue reading →

Guide to ERM: Change Risk

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The main processes for enterprise risk management in an insurer involve two levels of control cycles: The first level looks at the individual risks and sets out limits, controls and mitigation processes to assure that each individual risk that is … Continue reading →

Proving Your Commitment in Casualty Reinsurance

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The new generation of casualty reinsurers backed by asset managers potentially offer a broader proposition than previous hedge fund initiatives. But they must be able to demonstrate long-term commitment to win over buyers. Continue reading →

Guide to ERM: Risk Management Culture

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The culture of a business can be easily observed in the statements and policies of top management and in the behaviors of management and employees. But to truly understand the culture of a business you need to know the shared … Continue reading →