Risk governance & reporting
Concerns national specific templates could lead to gold-plating and increased reporting burden
Solvency II is on its way to a rolling start after national supervisors pledged to adopt Eiopa’s interim guidelines as their own. Reporting requirements are the main concern for insurers, which are hastily...
PRA claims it cannot offer advice until publication of Implementing Technical Standards
Insurance Risk and BNY Mellon have conducted a survey to look at how insurance companies are preparing for the new regime and the opportunities and challenges that the changes will bring.
More Risk governance & reporting articles
This year's survey of operational risk managers shows that the importance of operational risk management is becoming more widely accepted – but there is still no consensus on how to involve it in different areas of the business
Operational Risk & Regulation convened a panel, sponsored by MetricStream, to discuss methods of incorporating an operational risk framework within decision-making processes and real-time risk awareness, as well as the effective use of loss data and the...
Dual-reporting could confuse investors and undermine confidence in the LTG package, say experts
Despite massive investment in human capital and technical resources, risk managers failed to warn about the dangers of toxic assets and excessive leverage in the run-up to the global financial crisis. Their lack of authority is partly to blame, writes...
Most European insurers do not hold Solvency II compliant documentation, finds survey
As insurers begin to conduct dry runs of their reporting schedules in preparation for the various conflicting regulations coming into force, it is becoming clear just how difficult compliance is going to be. Clive Davidson reports
Eiopa says measures will help supervisors and insurers prepare for Solvency II
This paper discusses a number of diverse considerations that risk managers need to incorporate into their thought processes and recurring procedures if they are to fulfill their role more effectively in the future