Leading Practices in Model Management

March 13th, 2017 (No Comments)

There is model risk associated with every model. Although this is a well-known fact and extensively covered in the literature, recent developments in insurance regulation, information technology and insurance product design have raised the awareness of model risk and the need to appropriately manage models. Models have been used in the insurance industry for a […]


January 19th, 2017 (No Comments)

Bernhard Kaufmann,  Group Chief Risk Officer of Munich Re and Vice-chair of the CRO Forum in 2016,  has been elected CRO Forum Chairman for 2017. Bernhard joined Munich Re Group in 2000. He has been Chief Risk Officer of Munich Re (Group) since January 2014. From 2008 to 2013 Bernhard was Chief Risk Officer for […]

ERI Risk Radar 2016

December 23rd, 2016 (No Comments)

The CRO Forum’s Emerging Risk Initiative is committed to continuously improve risk management and identify emerging risks within the insurance industry. The Emerging Risk Initiative identified the current emerging risk which are expected to have a significant impact on insurance claims within 1 to 10 years. These risks are descripted in the 2016 update of […]

Low Interest Rate Environment

December 23rd, 2016 (No Comments)

Low Interest Rate Environment – When the going gets tough, the tough get going The continues drop in interest rates creates major challenges to be faced by life insurers. In particular, the current market environment is exceptionally challenging for those life insurers who carry long-term traditional life guaranteed products. This paper provides a qualitative analysis […]

Water Risk

November 28th, 2016 (No Comments)

Water risks are often underestimated, disregarded or simply ignored. They represent major emerging risks for the re/insurance industry and for global society in terms of scarcity, pollution, health, treatment, conflicts, regulatory and reputational risks. Water risks are complex to assess. Such difficulty stems from the paradoxical nature of water: it is plentiful to many yet […]