Loss leaders

Operational risk is potentially the biggest risk faced by insurers – and also one of the most difficult to model. However, as a number of loss data aggregation initiatives globally either emerge or mature, insurers are better placed to quantify their op…

Variable annuity redesign led by US innovation

Variable annuity providers were hurt by basis risk, extreme volatility and policyholder lapses during the crisis, and guarantees were scaled back and repriced as a result. Now risk management is driving a US-led surge of innovation. Laurie Carver reports