At the General Assembly of the Geneva Association held 28-31 May 2008 in Hamilton, Bermuda, the CEOs of the world's leading insurance and reinsurance companies decided to launch a new research project on climate change and its economic impact on insurance (CC+I). This initiative reflects one of...

Insurers and banks are both suppliers of financial services and constitute together thebulk of the financial services industry. As such, they share certain common traits and,consequently, are often analyzed together. At the same time, they differ markedly in certainrespects, insurance and...

Financial firms have a vast array of possible investments to choose from and products to sell. The financial market changes fast and in the future will likely look very different than in the past. Risk Management in general has the tendency to lag behind these innovation since it is often much...

Primary responsibility for risk and risk management with the business, Responsibility for risk management assigned to individual "risk owners", Support to and control of the business by specialized expert functions...

Funding Long term care is one of the major XXIst century challenges. The private insurance market development to complete insufficient public benefits. A key product to meet the ageing population's growing needs. Risk Management as a business enabler. Identification of a market opportunity...

On a Macro level - learn to manage a multigenerational work force! Ensure open communication. Honestly adress concerns. Being open and transaprent will go a long way to flushing out issues and retaining your best people. Respect the different values held by different age groups. This simply...

Economic approach (diversification benefits) in line with Solvency II conceptual framework. Same level of protection to policy holders with a given level of capital across the group. Mechanism enhancing capital mobility within a group. Alignment with the way groups are effectively managed...

Basic model, Measurement Approaches, Other major issues; Solvency II, Timing and other projects...

Swiss Re defines Operational Risk in line with Basel II banking regulations as the "Expected and unexpected economic impact of inadequate or failed internal processes, people, and systems or from external events...

The CRO Forum has embarked on an initiative to identify best risk practices and sharing our views through a series of publications with the hope to strengthen risk management practices in the (re)insurance industry and improve the knowledge of risk professionals glaobally...