Insurance Risk/News
Target investment alpha and retained surpluses to drive company value, says Allianz CRO
Risk function has part to play in driving market value
Eurozone collapse remains top threat for insurance industry – Swiss Re chief economist
Policy mistakes could still kill economic recovery, Insurance Risk Europe conference hears
State regulators turn fire on NAIC over principle-based reserving
New York commissioner publicly breaks ranks claiming new system will be ineffective
US non-bank Sifi process 'flawed' and 'unsupportable' say designating body members
Prudential Financial designation raises concerns assessment criteria not fit for purpose
UK insurers recoupon interest rate swaps in bid to enhance yield
Unwinding in-the-money swaps to release cash for investments and collateral management
Insurers urged to prepare global risk management strategies
Sars outbreak 'showed insurers not immune to interconnected global crises', says AIG Asia-Pac deputy finance chief
Asian insurers 'must strengthen data security' in face of new laws and technology
Data security legislation and new technologies require more sophisticated security measures, say CROs.
Asia CROs divided on risk culture measurement
Risk culture hard to manage, even harder to measure, say panellists at Insurance Risk Asia
EU Council accused of bulldozing over long-term guarantees proposals
German MEP “appalled” by “irresponsible” council as Omnibus II trilogue negotiations resume
Extreme mortality bond issuance predicted to expand as spreads tighten
Successful placement of SCOR bond indicates increased investor appetite for life risk
Postponed Omnibus II vote casts doubt on Solvency II 2016 launch
European Parliament pushes back vote to March 11 despite positive developments in Omnibus II negotiations
More UK insurers to publish economic capital data next year
Firms look to make model outputs publicly available to test investor response to future Solvency II requirements
EU Council cooks up Solvency II volatility balancer revamp
New volatility adjustment proposed as optimism of trilogue agreement grows
US industry at odds over future of XXX captives
Competing solutions to A/XXX reserving proposed as Moody’s warns use of special-purpose vehicles ‘credit negative’
Insurers spur changes in commercial real estate loan market
Firms cherry-pick opportunities as they step in to fill the hole opened by capital-strapped banks
UK insurers ‘in limbo’ as HMRC reviews tax break for perpetual debt
Consultation undermines level playing field between banks and insurers on capital issuance
US insurers overhaul lapse risk assumptions
Switch to predictive models to provide better understanding of risk
Bail-in tool required to resolve systemic insurers, says Bank of England
UK supervisor needs extended powers to fulfil FSB attributes for resolution of systemic institutions
Cat bond ‘lite’ structures raise contamination risk and insolvency fears
Investors and lawyers voice concerns about using segregated accounts structure to issue streamlined cat bond instruments
Divergence fears over insurer resolution proposals
Scope of Financial Stability Board proposals to give supervisors extended powers ‘unclear’
Insurers developing internal model risk calibrations for non-standard credit assets
Underlines growing strategic importance of infrastructure bonds and MBS, finds survey
NAIC calls for coordination of US and international systemic risk regimes
Financial Stability Board's G-Sii regime should be consistent with US Sifi rules, says NAIC chief
Swedish life insurers weigh occupational pensions spin-off ahead of Solvency II
Directive threatens to put hybrid pensions providers at a competitive disadvantage and force them to split-up businesses
Insurers oppose Eiopa power grab
A new European supervisor would be ‘unpleasant’ for the insurance industry