Yearly Archives: 2006

|2006

CRO Forum response to FSA/HMT Discussion Document

We welcome this discussion document from the FSA and HMT which contains very useful principles for prudential supervision of groups in Solvency II.

CRO Forum response to FSA/HMT Discussion Document2006-12-12T12:04:38+00:00

CRO Forum feedback on key issues arising from the QIS II consultation

While the exercise has highlighted a number of areas which require further consideration and discussion, the CRO Forum believes CEIOPS has achieved an important step in providing this new basis for discussion.

CRO Forum feedback on key issues arising from the QIS II consultation2017-05-10T20:05:29+00:00

Feedback on CEIOPS Consultation Paper 14

This presentation is based upon the consolidated responses of the Chief Risk Officer Forum and Comité Européen des Assurancesto CEIOPS-CP-03/06, "Draft Advice to the European Commission in the framework of the Solvency II project on subgroup supervisions, diversification effects, cooperation with third countries and issues related to the MCR and SCR in a group context."

Feedback on CEIOPS Consultation Paper 142006-09-22T12:19:49+00:00

Feedback on CEIOPS Consultation Paper 13

The Chief Risk Officer Forum ('CRO Forum') comprises risk officers of the major European insurance companies and financial conglomerates, and was formed to address the key relevant risk issues. It is a technical group focused on developing and promoting industry best practices in risk management.

Feedback on CEIOPS Consultation Paper 132006-09-15T12:25:03+00:00

CRO Forum Feedback to Fitch on June 2006 Exposure Drafts

The CRO Forum highly appreciates Fitch's bold and innovative step in the evolution of the assessment of an insurer's capital adequacy. We strongly support Fitch's directional move in explicitly reflecting sound economic principles. The CRO Forum is also very pleased that Fitch strongly supports company internal models for measuring capital adequacy (subject to admissibility requirements) including explicit reflection of diversification and risk mitigation.

CRO Forum Feedback to Fitch on June 2006 Exposure Drafts2006-07-10T12:28:06+00:00

Financial risk mitigation in insurance

The Chief Risk Officer Forum is delighted to be presenting the study "Financial Risk Mitigation in Insurance - Time for Change". The Chief Risk Officer Forum comprises risk officers of the major European insurance companies and financial conglomerates, and was formed to address the key relevant risk issues for its industry. It is a technical group focused on developing and promoting industry best practices in risk management.

Financial risk mitigation in insurance2006-04-19T12:32:09+00:00

A market cost of capital approach to market value margins

As stated earlier, under the development of Solvency II, there is agreement amongst most parties involved that the assets and liabilities should be measured on a consistent basis for solvency purposes and this basis should be market value. In order to determine the market consistent value of liabilities, it is agreed, we need to determine a market value margin (MVM) to be added to the expected present value of future liability cash flows.

A market cost of capital approach to market value margins2006-03-17T12:36:30+00:00

Feedback on CEIOPS Consultation Paper 9

This presentation is based upon the consolidated responses of the Chief Risk Officer Forum to CEIOPS-CP-06/05, “Consultation Paper No. 9 - Draft Answers to the European Commission on the third wave of Calls for Advice in the framework of the Solvency II project.”

Feedback on CEIOPS Consultation Paper 92006-02-08T12:40:04+00:00