Tag Archives: Solvency II

Guide to ERM: Risk Management Disclosures

show your cards

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 →

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

lost-at-sea_645x400

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 →

Our Scariest Captive Insurance Risk – The Nightmare You Won’t Wake up From: Solvency II Pillar III

Scariest Risks

Halloween is the time when monsters emerge and nightmares become reality—and a first glance at the Solvency II Pillar III Quarterly and Annual templates will certainly quicken the heartbeat and bring on the night shivers! 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 →

Our Scariest Risks II: The Wrath of Risk

Scariest Risks

With Frankenstorm bearing down on the U.S. East Coast, and Halloween approaching, it’s time for the WillisWire team to sit around our screens and share the terrifying tales that keep our clients awake at night. I’ve asked each of our … 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 →

Video: Transitions, Delays and Uneven Fields of Solvency II

I recently sat down with Sarah Robson from the Willis Communications team to talk about the conflicts life insurers face as they prepare for Solvency II, why implementation is not a level playing field across Europe, and why I’m not … Continue reading →

Keeping the Flame of Solvency II Alive

Torch

Like a certain quadrennial international sporting event, preparations for Solvency II should be in their final stages--the torch relay if you like--but the torch keeps going out. Although the direction is pretty well set, there is still squabbling over the route the torch should take. The date of the main event has been set although many doubt the flame will get there in time. As it is, the rules of the main event are still being argued over should we ever get there. Continue reading →