March 13th, 2013
Solvency II on GC Capital Ideas
Posted at 1:00 AM ET
Here we review recent GC Capital Ideas stories that have touched on issues relating to the Solvency II regime.
Posts Tagged ‘Solvency II’
February 20th, 2013
Guy Carpenter Launches MetaRisk® 7.1
Posted at 6:00 AM ET
Guy Carpenter today announced the release of MetaRisk® 7.1, the latest version of the firm’s premier risk and capital management decision making tool. The platform offers access to a variety of new features and enhancements that will improve usability, increase overall functionality and enable the development of more accurate and efficient risk and capital models.
October 9th, 2012
Comparing Solvency II Standard Scenarios for Windstorms with Catastrophe Model Outcomes – Updated Study: Part II
Posted at 1:00 AM ET
David Lightfoot, Head of GC Analytics® - International, Eddy Vanbeneden, Head of GC Analytics - Continental Europe and Markus Mueller, GC Analytics, Solvency II Continental Europe
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Benchmarking QIS5 Scenario Return Period against Vendor Models
Our analysis supports the fact that losses in the QIS5 windstorm scenarios are often within the range of the major vendor models. But how do return frequencies compare? The QIS5 standard scenarios are tailored to represent a 200 year return period in each territory. Looking at the QIS5 loss estimate on the modeled exceedance probability curves reveals the corresponding modeled return period. Plotting the implied vendor model return frequencies against the QIS5 scenarios’ 1-in-200 year level yields an interesting (albeit similar) spread, as shown in Table 1.
Click here to read Part I >>
October 8th, 2012
Comparing Solvency II Standard Scenarios for Windstorms with Catastrophe Model Outcomes – Updated Study: Part I
Posted at 1:00 AM ET
David Lightfoot, Head of GC Analytics® - International, Eddy Vanbeneden, Head of GC Analytics - Continental Europe and Markus Mueller, GC Analytics, Solvency II Continental Europe
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With the generalized use of catastrophe models to measure the natural catastrophe exposure of insurance portfolios, the outcomes of these models have more and more influence in the determination of reinsurance needs. With the introduction of the Solvency II regime, the decision on reinsurance purchase should also be an integral part of a company’s risk management process. Specifically, an important consideration is the impact of reinsurance contracts on the Solvency Capital Ratio, a key decision metric of the risk management process. This process is not always easy when the probable maximum losses (PMLs) derived by the cat models differ from the standard European scenarios under Solvency II for calculation of the Solvency Capital Requirement for cat risk (SCRCat).
September 11th, 2012
Making Models More Responsive: The Framework
Posted at 11:00 PM ET
Andrew Cox, Head of Advisory - EMEA
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Many insurance executives will have seen their companies incur high costs preparing for Solvency II, in particular for actuarial staff resources that build internal models. But are they seeing a good return on this investment?
June 26th, 2012
Top Solvency II Stories in GC Capital Ideas
Posted at 1:00 AM ET
Here we highlight GC Capital Ideas’ recent top stories covering the evolving Solvency II capital requirements regime.
June 20th, 2012
Insights in Insurance from Marsh & McLennan
Posted at 1:00 AM ET
Here we highlight recent insurance thought leadership from Guy Carpenter’s sister companies.
May 23rd, 2012
Oliver Wyman: Strategic Impact of Solvency II
Posted at 1:00 AM ET
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:
March 28th, 2012
What to Watch in 2012, Part I
Posted at 1:00 AM ET
Opportunities Amid Uncertainty in the Year Ahead
2012 will undoubtedly be a challenging year, but Guy Carpenter believes that growth opportunities exist - or can be created - for companies that have the fortitude to see and develop them. Below we examine 10 major themes that the (re)insurance sector will face in 2012.
March 16th, 2012
Property & Casualty M&A Outlook for 2012
Posted at 1:00 AM ET
M&A Drivers Going Forward
Guy Carpenter sees several potential merger and acquisitions (M&A) drivers in 2012 and beyond:
