Constructing an operational event database

The Basel II proposals refer to loss data in several different contexts. In the Sound practices paper, the Committee refers to collecting loss data as a component of both risk identification and monitoring. In the third consultative paper (CP3), loss data is a tool to validate risk estimates, a component of risk reporting, and a key input to any advanced measurement approach (AMA) model. In addition, CP3 sets the standard for seven standard categories of operational event risk. At the time

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The future of life insurance

As the world constantly evolves and changes, so too does the life insurance industry, which is preparing for a multitude of challenges, particularly in three areas: interest rates, regulatory mandates and technology (software, underwriting tools and…

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