All Roundtable - ERM articles
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Roundtables
Definitions and perceptions
There are a plethora of definitions of enterprise risk management (ERM). Many of them focus on process, rather than looking at what ERM actually seeks to achieve
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Roundtables
Roundtable Part 5
Giovanni Gentile: It’s a nightmare when dealing with legal entities around the globe. which operate under different regulatory frameworks. If in addition you have to deal with accounting frameworks, ERM systems and Solvency systems, you will have to produce multiple set of statements. If as an industry, we are not ...
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Roundtables
Roundtable part 4
Oskar Buchauer: From my point of view, reinsurance optimisation could be an area where we could really tie up and link the overall risk strategy or P&L volatility to the reinsurance process and my goal would be to establish such a link. However, I am not totally comfortable with the ...
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Roundtables
Roundtable Part 3
Sue Copeman: I think you all agree that models are great but they are tools and you can’t rely solely upon them. So having implemented your model, got your culture change, got your risk based pricing, how do you measure the performance, how do you know how well you are ...
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Roundtables
Roundtable Part 2
Tom Wilson: I distinguish between allocation as an active process of giving limit space or capital to grow a business, and capital attribution which is a mechanism for understanding how the business uses resources. For a lot of the pricing exercises, especially at a granular level, attribution is a measurement ...
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Roundtables
Roundtable Part 1
Sue Copeman: To set the scene, I’d like to ask each of you to briefly summarise what enterprise risk management (ERM) means to your organisation. Before the start of this discussion, Tom suggested that ERM means different things to different people so it would be helpful to get this clear. ...
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Roundtables
Participants
Sue Copeman, editor, StrategicRISK, who chaired the discussionOskar Buchauer, head of risk management and life planning, Allianz Group ItalyFerdia Byrne, senior consultant, TillinghurstGiovanni Gentile, managing director, finance/chief regulatory officer, Swiss Reinsurance CompanyOle Hesselager, head of group risk, TrygVestaJohn Redmond, president, Allied World Assurance Company (Europe)Olly Reeves, head of risk management, ...
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Roundtables
Roundtable - Getting the most out of ERM
Risk management is the core of (re)insurance companies’ business. And they have to adopt some sophisticated approaches both to steer their business focus and also to ensure that they meet forthcoming solvency requirements.