Insurance
More information on credit risk transfer needed, says IMF’s Häusler
Gerd Häusler, director of the international capital markets department at the International Monetary Fund (IMF), today highlighted that too little is known about where credit risk ultimately resides in the financial system.
UK allows for Basel II delays in risk-based rules for financial services
LONDON - UK regulators said in late July they would implement their plans for uniform, risk-based rules for UK-based banks, insurance companies and securities firms in several stages, instead of one or two, following delays to the Basel II bank accord.
Insurers embrace risk systems
Insurance companies have been slower than banks to adopt advanced risk modelling techniques and technologies. But regulatory changes and business exigencies are spurring them to adopt a new generation of risk and capital management systems.
Insurers play catch-up
Introduction
Guarded optimism hinges on new tools
Catastrophe bonds
Challenging times for CROs
Chief risk officers
Sweetening the deal
M&A insurance
The risk transfer shell game
Credit derivatives
Managing post-convergence risks in financial conglomerates
Regulatory capital
Insurers play catch-up
Insurance companies around the globe are beginning to look at their own risk management practices and are finding them wanting. As a result, many firms are beginning to upgrade their risk procedures.
Chief risk officers
Risk is the business of insurance companies, but risk management in the sector is not nearly as developed as it is in the banking industry. Now, a new crop of chief risk officers will be trying to change all that.
Is integrated risk financing dead?
Sponsor's statement
Enhancing financial flexibility using contingent capital
Sponsor's statement
Examining the new world of corporate risks and opportunities
Sponsor's statement
Regulators concentrate on key op risk issues for QIS3
Global banking regulators working on the operational risk aspects of the controversial Basle II banking accord are concentrating their efforts on some key issues as they prepare their part of the so-called QIS3 survey.
Risk financing might solve doubts over op risk insurance
LONDON - Combining risk transfer with risk financing might be one way of resolving regulator doubts about the use of insurance to mitigate operational risk under the proposed Basel II accord.
Basel II - Rules and Models
The proposed operational risk charge remains one of the most contentious areas of the new Basel Accord. Carol Alexander reviews the current proposals in the context of various simple models, and argues that practical implementation will require the use…
Insurers plan operational risk proposals for early November
LONDON - Leading insurance firms planned to have ready by early November their proposals for using operational risk insurance within the terms of the Basel II banking accord, insurance industry sources said as Operational Risk went to press.
Basel regulators to study insurers' reaction to US attacks
BASEL - Bank regulators considering allowing op risk insurance a role in the proposed Basel II bank accord will study closely how the insurance industry deals with the massive insurance claims arising from the September 11 attacks in the US. So said…
A call to action for Op Risk insurers
Insurance companies must not waste time now the Basel II regulators have shown an amber light to operational risk insurance, say Roland Avery and Daniel Butler.
Merrill Lynch Sets Up Global Risk Service
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