Risk Management
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Defaults may rise again in 2012 as insurance industry remains in ‘nervous state’
European corporate default rates are expected to fall modestly during 2011, but may rise again from 2012 in the face…
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Expert claims captive costs could rise almost four times following Solvency II
A leading European captive manager has calculated that the average cost of capital for its captives under management will rise…
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DIMA says Irish captives should escape sovereign fall out
DIMA, the representative body for the international re/insurance industry in Ireland, has welcomed confirmation from credit rating agency Standard &…
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FERMA applies to join EIOPA’s advisory group
FERMA this week confirmed to Commercial Risk Europe that it will apply to be a member of the 30-strong formal…
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German insurance market growing again but brokers still feel the pinch
The German primary insurance market is growing again, driven by life, but also helped by the first signs of a…
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Spanish risk managers told soft market is coming to an end
Spanish risk managers have been warned that the soft insurance market is coming to an end, although it is unlikely…
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UK bribery act will create unfair playing field warns IRM panel
Experts gathered at the Institute of Risk Management's Risk Leaders' Conference warned that the UK's new Bribery Act will cause…
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FERMA and BIPAR announce historic transparency protocol
FERMA and the European Federation of Insurance Intermediaries (BIPAR) have announced the agreement of a groundbreaking transparency protocol that they…
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CEIOPS tells EC to exclude big risks as FERMA nears conclusion of transparency deal
The large commercial insurance and reinsurance markets will be excluded from the European Commission’s updated Insurance Mediation Directive (IMD2) if…
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IGREA welcomes Solvency II but warns against overburden on insurers
Large Spanish insurance buyers have expressed their support of the Solvency II directive, but have also warned legislators to avoid…
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Captives safe under Solvency II but lobbying of EC must continue
Captive owners can rest assured that Solvency II will not drive them out of business through excess capital and reporting…
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Rising claims and falling profits will not turn French market yet
French insurance buyers have been told for some time that they face higher premiums as insurers come under pressure—but Rodrigo…
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‘Sinnkrise’ hits German risk managers
The recent financial and economic crisis has hit the German economy as hard as others in Europe, but its impact…
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Time to step up to the plate-comment
Forces in the European and global economy and the insurance industry strongly suggest that now is the time for risk…
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A risk guide out of the woods-Austria
The Austrian risk and insurance management community may not have its own association and membership of FERMA yet but it…
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Teetering on the risk-reward tightrope-Switzerland
Adapting to rapid economic change, the need for a more innovative and supportive approach from insurers to deal with emerging…
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Added value of risk must be sold
Board members will only appreciate the value added by investment in risk management if risk managers learn to sell it,…
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Industry wide solution to global programmes on FERMA agenda
The FERMA conference in London marked the beginning of a campaign for an industry-wide effort to provide more consistency and…
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CRO needs to sit at top table
The role of the risk manager is evolving and risk managers increasingly help to make strategic decisions and gain air…
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Risk managers must prepare for Pillar 2
Experts at FERMA’s London seminar agreed that Pillar 2 of Solvency II will mean that risk managers will have to…
