Data Quality in the Insurance sector – Stocktaking and proposed way forward

Although insurance companies have always based their management decisions on information about exposures, risks and customers, the entry into force of Solvency II in 2016 represented a key incentive to progress from informal data quality [...]

2020-11-20T15:23:15+00:00September 14th, 2020|

Nanotechnology

This presents the insurance industry with significant challenges and opportunities. The paper recommends that assessing risk over the life cycle of these nanomaterials should be standard practice for the nanotechnology industry, as well as for their insurers and reinsurers.

2010-11-25T08:15:44+00:00November 25th, 2010|

Market Risk Calibration March 2010

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’.

2010-03-12T12:34:59+00:00March 12th, 2010|

Carbon nano tubes

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.

2010-01-20T09:42:09+00:00January 20th, 2010|

Internal Model Myths

For a long time, many (re)insurance companies have realized the need for risk-based valuations and solvency capital measurement and have started developing internal economic capital models which suit their needs. This is without prompting from regulators and rating agencies. Why? Such models provide a common measurement basis across all risks (e.g. same methodology, time horizon, risk measure, level of confidence, etc.) and are a powerful tool for strategic decision-making, for example in capital allocation and pricing.

2009-09-01T12:38:20+00:00September 1st, 2009|

Liquidity Risk Management

This paper is part of a series of work by the CRO Forum under their Best Risk Management Practices initiative.The paper outlines important principles and considerations that should be part of best risk management practice for the management of liquidity risk within an insurance company. The primary focus of this paper is the management of liquidity risk where the company bears the risk, as opposed to the policyholder.

2008-10-29T08:35:45+00:00October 29th, 2008|
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