Increasingly, reinsurance is seen as an important element of capital management. Reinsurance decisions are moving away from the reinsurance buyer and towards the finance teams. These teams need to find a way of comparing reinsurance in a straightforward way. Defining the cost of capital for reinsurance means that it can be compared with other capital sources. ... Continue Reading »
Solvency II
Cost of Capital and its Use in Valuing Reinsurance
Increasingly, reinsurance is seen as an important element of capital management. Reinsurance decisions are moving away from the reinsurance buyer and towards the finance teams. These teams need to find a way of comparing reinsurance in a straightforward way. Defining the cost of capital for reinsurance means that it can be compared with other capital sources. ... Continue Reading »
Accounting Changes Impacting the Reinsurance Landscape – GC@BB Commentary
Frank Achtert, Head of Capital Optimization, EMEA; Tom Hettinger, Strategic Advisory Leader, U.S./Canada; David Lightfoot, Head of Global Strategic Advisory – Asia Pacific and Latin America Contact With IFRS 17, reinsurance for managing capital KPIs needs to be different in type/scale Users of internal capital models must ensure flexibility of underlying simulation ... Continue Reading »
Pushing the Model Boundaries – GC@BB Commentary
Andrew Cox, Managing Director, GC Strategic Advisory; Eddy Vanbeneden, Managing Director, Head of GC Analytics, Continental Europe; Till Wagner, Senior Vice President, GC Strategic Advisory Contact Companies keen to expand internal capital model remit Multiple factors hindering ability to integrate into broader strategic framework New technologies support rapid model ... Continue Reading »
Managing Catastrophe Model Change
Imelda Powers, Senior Cat Management Advisor, Asia Pacific, Global Strategic Advisory Contact Incorporating new hazard and claims insights can improve the estimates derived from catastrophe models. By re-analyzing historical events using the latest scientific methods or refining claims with more granular geographical and line of business breakdowns, we can update models with ... Continue Reading »
Accounting Changes Impacting the Reinsurance Landscape – GC@MC Commentary
Frank Achtert, Head of Capital Optimization, EMEA; Tom Hettinger, Strategic Advisory Leader, U.S./Canada; David Lightfoot, Head of Global Strategic Advisory – Asia Pacific and Latin America Contact With IFRS 17, reinsurance for managing capital KPIs needs to be different in type/scale Users of internal capital models must ensure flexibility of underlying simulation ... Continue Reading »
Maintaining Momentum – GC@MC Commentary
Des Potter, Managing Director, GC Securities* Contact Innovation key to London’s ILS success Robust pipeline of new applications Industry must work proactively with Prudential Regulatory Authority ... Continue Reading »
Increasing External Demands Compel Companies to Improve Risk Management Disclosures
Guy Carpenter released its latest Enterprise Risk Management (ERM) Benchmark Review that provides an in-depth analysis of risk management practices and policies of 67 insurance and reinsurance companies located in Europe, United States, Bermuda, and Asia-Pacific. Based on publicly-available data from financial and risk reports, Guy Carpenter's ERM Benchmark Review reveals that ... Continue Reading »
Solvency II: Greater Risk-Driven Management: Part III: Risk Management and Risk Profile
Andrew Cox, Managing Director; Matthew Eagle, Head of GC Analytics - International and Eddy Vanbeneden, Managing Director Contact With the transition from Solvency I to Solvency II, insurers have to contend with a more complex and comprehensive risk management framework than just premiums and reserves. This new framework encompasses the full range of risks exposing a ... Continue Reading »
Solvency II: Greater Risk-Driven Management: Part II: Volatility
Andrew Cox, Managing Director; Matthew Eagle, Head of GC Analytics - International and Eddy Vanbeneden, Managing Director Contact Another shortcoming of a single ratio is that it provides no insight into the resilience of an entity's capital position. This became relevant when market volatility spiked in the first quarter of 2016 and companies disclosed how much their Solvency ... Continue Reading »
