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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
Solvency II - Tax? Not my cup of tea! The reality is, that under Solvency II taxes do concern every insurance undertaking, since (deferred) taxes can have a significant impact on the Solvency Capital Requirements [...]
