Marco Vet, director Risk & Compliance of Achmea and Vice-Chairman of the CRO Forum in 2013, was elected CRO Forum Chairman for 2014 during the fourth quarterly meeting of the Forum last week. The CRO [...]
The CRO Forum has selected a new vice-chair, Marco Vet, Director Risk & Compliance at Achmea. Previous roles at Achmea include Director Group Risk Management and Director Business Development. Before joining Achmea, Marco was President at the Dutch Actuarial Association (AG), and Partner at PWC. He takes over for David Cole, Chief Risk Officer of Swiss Re and Vice-Chairman of the CRO Forum during 2012. David Cole was elected as the CRO Forum Chairman for 2013.
David Cole, Chief Risk Officer of Swiss Re and Vice-Chairman of the CRO Forum during 2012, was elected as the CRO Forum Chairman for 2013.
Robin Spencer, Chief Risk Officer of Aviva PLC and Vice-Chairman of the CRO Forum during 2011, was elected as the CRO Forum Chairman for 2012. Swiss Re’s Chief Risk Officer, David Cole, was elected Vice-Chairman of the CRO Forum for 2012.
As a consequence of globalisation, public expectations have risen that businesses should behave responsibly and accountably in terms of minimizing their environmental and social footprint. Even though this footprint is low for the insurance industry due to the service nature of its operations, headline risk has nonetheless increased.
We would like to take the opportunity to specify certain aspects of the risk-free interest rate term structure for QIS 5. This technical paper is set out in four sections to cover the aspects of the risk-free interest rate term structure as asked from the European Insurance CFO Forum and CRO Forum.
The CRO Forum welcomes the opportunity to comment this consultation paper on pre-application process for Internal Model. The timing for this paper is good as many supervisors are already starting a pre-application process and it will promote necessary harmonization. This paper is of high quality and the CRO Forum strongly supports CEIOPS in aiming for one unique pre-application process led by the lead/group supervisor in cooperation with the other supervisors concerned.
The CRO Forum welcomes the opportunity to contribute to the calibration of the standard formula through this paper on market risks. This document is a follow-up to our position papers published respectively last May: ‘Calibration Principles for the Solvency II Standard Formula”; and last December: ‘Calibration recommendation for the correlations in the Solvency II standard formula’.
The Emerging Risks Initiative releases today three papers on risks emerging in the insurance industry, namely: Environmental liabilities & biodiversity losses; Carbon nano tubes (CNT); and Workplace related stress. The papers identify elements of the changing risk landscape that may create new challenges for stakeholders such as public authorities as well as financial institutions like insurance providers.
The CRO Forum's views on the consequences for Enterprise Risk Management and regulation in the insurance industry.