Holistic thinking

Insurers have been focusing their attention to ERM as the deadline for Solvency II looms – but how well is the industry coping with the challenges this presents?

simon-harris-moody-s

The mutual insurer Ethias is not a name that trips off the lips of many people outside the Belgian financial sector. Yet the €1.5 billion (£1.32 billion) capital injection made by the Belgian government in Brussels in 2008 to prop up this company made it the third-highest receiver of state aid in the European insurance sector, after Dutch heavyweights ING and Aegon (€10 billion and €3 billion respectively).

Liege-based Ethias’s problems were caused by an investment policy that left it heavily

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

The changing shape of risk

S&P Global Market Intelligence’s head of credit and risk solutions reveals how firms are adjusting their strategies and capabilities to embrace a more holistic view of risk

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here