1. In July 2016, the Financial Conduct Authority (FCA) published a thematic review titled "Principals and their appointed representatives in the general insurance sector" and has voiced concerns over ways in which non-life firms and intermediaries manage and monitor appointed representatives (ARs).
Sunday 31 July 2016
Tuesday 19 July 2016
[Framework] Stress Testing and Capital - Part 2 - Stress Testing Process and Integrating with Capital Model
CAPITAL MODELS
1. Internally developed risk capital models can serve many useful purposes and are increasingly becoming a core part of many insurers’ risk and capital management processes.
2. Capital models can vary considerably in their structure, calibration and application.
1. Internally developed risk capital models can serve many useful purposes and are increasingly becoming a core part of many insurers’ risk and capital management processes.
2. Capital models can vary considerably in their structure, calibration and application.
Saturday 9 July 2016
[Framework] Stress Testing and Capital - Part 1 - Overview, Process, & Management Action
OVERVIEW
1. What is a stress? What are the regulatory history and roles? What is a Stress test process?
2. Including stress scenario and stochastic models and overlay the scenario in the model.
3. Limitations and thoughts.
1. What is a stress? What are the regulatory history and roles? What is a Stress test process?
2. Including stress scenario and stochastic models and overlay the scenario in the model.
3. Limitations and thoughts.
Tuesday 5 July 2016
Alternative Capital and Risk Transfer Trends
TYPES OF ALTERNATIVE CAPITAL MARKETS
1. Catastrophe Bonds - A risk-linked debt security that transfers a specified form of catastrophe risk from a company to investors.
2. Collateralized Reinsurance - A reinsurance agreement that is fully collateralized, typically by unrated third party capital
3. Side Cars - A limited purpose company created to assume a pre-defined portion of insurance policies from an issuing insurance carrier
4. Collateralized Industry Loss Warranty - A contract that pays out for events greater than a pre-defined loss threshold.
1. Catastrophe Bonds - A risk-linked debt security that transfers a specified form of catastrophe risk from a company to investors.
2. Collateralized Reinsurance - A reinsurance agreement that is fully collateralized, typically by unrated third party capital
3. Side Cars - A limited purpose company created to assume a pre-defined portion of insurance policies from an issuing insurance carrier
4. Collateralized Industry Loss Warranty - A contract that pays out for events greater than a pre-defined loss threshold.
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