Tag Archives: risk appetite

Top 10 ideas insurers include in their risk appetite

In 2016, Willis Re performed a study of 48 (mostly U.S.-based) insurer risk appetite and tolerance statements. Continue reading →

A defined risk appetite should be at the heart of a mutual insurer

Our industry is well served with data regarding losses, portfolio metrics and market dynamics. On the other hand, until recently there has been a lack of information regarding risk appetite and its influence on the reinsurance decision-making process. But the … Continue reading →

Common concerns when considering retrospective reinsurance solutions

This is the third in a series of blogs on retrospective insurance. In a previous blog I explored what retrospective reinsurance solutions are and why they are gaining in popularity and went on to further explore the different solutions available. Continue reading →

Reinsurance Buying Habits in Central and Eastern Europe Are Changing Under the New Solvency II Regime

The arrival and implementation of Solvency II regulations in Europe has heralded a flurry of action from insurers across the continent to ensure readiness for the demands of the new regime. Continue reading →

Casualty Risk: Playing Catch Up

casualty catch up

The complexity of casualty business and the fact that it exhibits more challenging dynamics relative to property catastrophe are no longer sufficient justification for not developing a robust risk management framework. While property risk management has evolved over three decades … Continue reading →

Risk Management in Financial Institutions: Beyond the Three-Lines-of-Defence Paradigm

Holistic risk governance for Financial Institutions

In recent years, headlines about LIBOR rigging, PPI mis-selling, sanctions avoidance and rogue trading have revealed poor risk management and questionable values in the financial institutions (FI) industry around the globe. 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 →

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 →

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 →

ERM in Practice: Risk Limits and Controls

speedometer

One of the core elements of a thorough ERM strategy involves setting risk limits and controls. This practice forms an essential link in every organization’s risk management cycle, which includes identifying, assessing, taking, mitigating, monitoring, and responding to risk. Continue reading →