Insurance Risk - VOL. 6/NO. 6
Articles in this issue
South Africa opts for Solvency II approach
Solvency II is not just an issue for European insurers. Faced with the increasingly global nature of the financial sector, South Africa’s financial regulator is bringing in its own version of the regulation. But the schedule to implementation is tight…
Hedge fund investment back on pension funds' horizons
Pension schemes are again making allocations into hedge funds, despite the negative performance from many funds – and therefore correlation with underlying markets – throughout the financial crisis. So why the interest? John Ferry reports
Seeking equivalence – the NAIC and EC take different stances on Solvency II
The European Commission is firm in its belief that the US insurance regulatory system needs a single figurehead in order to grant it equivalent status under Solvency II – a view not shared by American supervisors. Aaron Woolner reports
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
New hope for insurance-linked securities
Since the financial crisis the insurance-linked securities market has been squeezed into a tight corridor of issuance with only natural catastrophe bonds seeing any traction – a blow for a market that pre-2008 appeared to be on the cusp of developing…
Bond ambition – The World Bank’s attempts to launch a longevity bond in Chile
Attempts to diversify longevity risk into the broader financial system have so far focused on using swaps. But in an ambitious move, the World Bank has tried to launch the first ever longevity bond in Chile. Aaron Woolner reports on how successful this…
Understanding the Operational Risk Consortium’s scenario approach
The UK’s Operational Risk Consortium (Oric) recently published a report on the use of scenario analysis of operational risk in insurers. Mariano Selvaggi describes the issues Oric took into account when making its analysis and why establishing a…
