Guy Carpenter and Oliver Wyman, both wholly owned subsidiaries of Marsh & McLennan Companies, released the 2014 Insurance Risk Benchmarks Research: Annual Statistical Review, the first in a two-part series detailing research executed in collaboration with Columbia University. This, the fourth annual report, provides detailed analysis and insight on the property/casualty industry to help insurers strategically evaluate and benchmark inputs to economic capital models.
Posts Tagged ‘oliver wyman’
The National Association of Insurance Commissioners’ (NAIC’s) Own Risk and Solvency Assessment (ORSA) goes into effect on January 1, 2015. Currently, many (re)insurers are in the process of developing and implementing their ORSA plans and approaches to the new regulation. They may be challenged over how much work has yet to be done and how best to do it. However, while some of the challenges are understandable, through “Business Management Integration” (BMI) there is an easier and more reliable way to approach this new regulation.
When banks in Europe and the United States become unable to honor their financial obligations in 2007 and 2008, governments bailed them out. But why? The standard answer is that politicians faced a terrible choice. They had to choose between saving insolvent banks largely “as is” in the short-term, or unleashing economic chaos. Recovery and Resolutions Plans (RRPs) are supposed to stop such a dilemma arising again.
Here we highlight GC Capital Ideas’ recent top stories covering the evolving Solvency II capital requirements regime.
Here we highlight recent insurance thought leadership from Guy Carpenter’s sister companies.
Guy Carpenter sister company, Oliver Wyman, has published a new report on Solvency II. The road to implementing Solvency II has been longer and more circuitous than expected. In Oliver Wyman’s joint report with Morgan Stanley, Solvency II: A Long and Winding Road, they provide insights on implementation progress thus far. The report also discusses key debates in the industry, which will have a significant impact upon the insurance landscape across Europe, including:
New Oliver Wyman/Institute of International Finance Report: The Implications of Financial Regulatory Reform for the Insurance Industry
International policy makers are developing new regulatory regimes aimed at ensuring enhanced financial stability in the post-financial crisis world. While the objectives of each of these regulatory initiatives may be clear, their interdependencies are not. Intricacies of new regulations or inconsistencies between regimes could adversely impact risk management practices at both insurers and banks and cause distortions in the market. Oliver Wyman’s new paper, The Implications of Financial Regulatory Reform for the Insurance Industry - produced by collaboration between Oliver Wyman and the Institute of International Finance with a working group of global insurance executives - explores these issues and highlights incentives that these differences appear to provide.