Posts Tagged ‘Solvency II’



July 20th, 2015

Guy Carpenter Launches MetaRisk® Reserve™ 4.5

Posted at 10:45 PM ET

Guy Carpenter today announced the launch of MetaRisk® ReserveTM 4.5. The latest version of this powerful reserve risk modeling solution delivers a faster and more flexible aggregation tool as well as an updated and unique predictive model for calculating Solvency II and ORSA issues.

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July 8th, 2015

Benchmarks for Enterprise Risk Management Disclosures

Posted at 1:00 AM ET

Here we present GC Capital Ideas’ stories on analyses of enterprise risk management disclosures. A 2014 study updated the analysis done in 2009, one of our most popular stories. The full briefings are attached.

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May 26th, 2015

Benchmarks for Enterprise Risk Management Disclosures

Posted at 1:00 AM ET

Here we present GC Capital Ideas’ stories on analyses of enterprise risk management disclosures. A 2014 study updated the analysis done in 2009, one of our most popular stories. The full briefings are attached.

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May 18th, 2015

GC Capital Ideas Videocasts

Posted at 1:00 AM ET

A key feature of GC Capital Ideas is its Videocast series. Here we review recent video posts: 

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May 7th, 2015

Reinsurance Versus Subordinate Debt: Which is Best for Solvency Capital?

Posted at 1:00 AM ET

matt-day-headshot-sm5ross-milburn-pic-128x149smallMatthew Day, Senior Vice President, Guy Carpenter Strategic Advisory and Ross Milburn, Managing Director, GC Securities*, a division of MMC Securities (Europe) Ltd., which is authorized and regulated by the Financial Conduct Authority

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Here we review how a holistic approach to managing solvency capital requirements can benefit insurers’ bottom line: 

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April 30th, 2015

Reinsurance Versus Subordinate Debt: Which Is Best for Solvency Capital? Part III

Posted at 1:00 AM ET

matt-day-headshot-sm7ross-milburn-pic-128x149small2Matthew Day, Senior Vice President, Guy Carpenter Strategic Advisory and Ross Milburn, Managing Director,  GC Securities*, a division of MMC Securities (Europe) Ltd., which is authorized and regulated by the Financial Conduct Authority

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What About Volatility?

Insurers understand volatility in respect of their insurance and investment risk and reinsurance can play a significant role in controlling this. However, another form of volatility exists in respect of the pricing and availability of reinsurance and sub debt. To counter this clients are encouraged to consider multi-year reinsurance transactions, retroactive solutions and to explore sub debt issuance that by nature is long term. By staggering the end-dates of different transactions, a natural hedge against rising rates on line and debt market spreads can be created.

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April 29th, 2015

Reinsurance Versus Subordinate Debt: Which Is Best for Solvency Capital? Part II

Posted at 1:00 AM ET

matt-day-headshot-sm6ross-milburn-pic-128x149small1Matthew Day, Senior Vice President, Guy Carpenter Strategic Advisory and Ross Milburn, Managing Director,  GC Securities*, a division of MMC Securities (Europe) Ltd., which is authorized and regulated by the Financial Conduct Authority

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Increasing the Permanent Capital Available

Sub debt is an additional part of the capital tool kit available to insurers and can often be used to greater effect as part of a tailored solution than in isolation. In conjunction with a risk and/or capital management-based approach to the mitigation of each of the solvency capital requirement (SCR) components, management may consider issuing sub debt to provide growth capital (organic and through acquisition) as well as make a longer term contribution to SCR coverage.

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April 28th, 2015

Reinsurance Versus Subordinate Debt: Which Is Best for Solvency Capital? Part I

Posted at 1:00 AM ET

matt-day-headshot-sm5ross-milburn-pic-128x149smallMatthew Day, Senior Vice President, Guy Carpenter Strategic Advisory and Ross Milburn, Managing Director,  GC Securities*, a division of MMC Securities (Europe) Ltd., which is authorized and regulated by the Financial Conduct Authority

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In recent months a number of market commentators have opined on the merits of proportional reinsurance versus subordinated debt (sub debt), some favoring reinsurance solutions and some favoring sub debt, but generally finding results in line with the products their companies offered. Guy Carpenter feels reinsurance or sub debt alone is unlikely to provide the best solution to meet solvency capital requirements. Instead, a blended approach should be considered.

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February 5th, 2015

GC Videocast - Overview of the Holistic Balance Sheet Management Framework and Application

Posted at 1:00 AM ET

Eric Paire, Head of Strategic Advisory EMEA, Guy Carpenter, presented the sixth part of the Holistic Balance Sheet Management series describing the “multi-layer” approach that Guy Carpenter and Mercer will adopt when working exclusively with insurance clients to holistically manage capital and strengthen balance sheets. The approach includes an extensive evaluation of the investment and reinsurance portfolios to understand client needs, an assessment of the rationale for freeing-up and/or moving capital and a consideration of  modeling aspects such as the Solvency II standard formula, internal models or rating agency models.

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February 3rd, 2015

GC Videocast - Reinsurance Solutions

Posted at 1:00 AM ET

Andrew Cox, Capital Optimization, Guy Carpenter, and Niall Clifford, Financial Strategy Group, Mercer, explore a number of reinsurance solutions available to insurance companies in the fourth video installment of the Holistic Balance Sheet Management series.

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