Op risk overhaul coming at Axa

More than capital

Fabien Chabanon at Axa

Solvency II, the biggest overhaul in insurance regulation for a decade, has pushed insurance companies around the world into changing the way they manage their operational risks. But some insurers – such as Paris-based international insurance group Axa – have found other benefits in the risk management changes required by Solvency II.

“We would have rolled out an operational risk framework even without Solvency II,” says Fabien Chabanon, head of group operational risk management at Axa. “In Axa

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