Book review: Risk Management for Insurers

Risk Management for Insurers by René Doff is a timely explanation of best practice in risk control and economic capital management, writes Michael Faulkner

Even before the financial crisis of 2007, risk management was increasing in importance for insurers. But since then, risk management’s rise has accelerated as companies have battled to weather the financial storm. Capital shortages, threats to solvency and an appreciation that a better and wider understanding of risk is required have placed the management of risk at the top of the agenda for boards and their executives.

At the same time, the implementation date of Solvency II approaches and