Insurers looking to scenario analysis to model operational risk

Editor's blog

We wrapped up a successful two days at OpRisk Europe yesterday, and it struck me just how many insurance firms were getting more and more interested in operational risk management. Obviously, the passage of Solvency II - the European risk-based capital adequacy regime for insurance companies - has done much to encourage this interest, but from what I can gather, some European insurers are yet to be convinced of the benefits of modelling operational risk exposure. A lack of historical data an