Solvency Assessment and Management – Page 4

Category: Solvency Assessment and Management

Actuarial and Risk, capital, financial risk, insurance, investments, managing uncertainty, market risk, measurement, Solvency Assessment and Management, Solvency II, valuation

SAM Risk-free Rate Workshop

10 December 2012

David Kirk

The Technical Provisions Task Group and KPMG ran a workshop for industry participation on risk-free rates recently. The idea was to see whether we could improve the extent and quality of industry comment on key, controversial areas of the proposed SAM regime. Turnout was good, but not great, but the discussion and points raised were…
Read more: SAM Risk-free Rate Workshop
Actuarial and Risk, insight, insurance, life insurance, news, Solvency Assessment and Management, Solvency II

Kings, constitution and SAM legislation

8 November 2012

David Kirk

I haven’t posted in ages – plenty happening on the work front, which is mostly good news. I also don’t really have time to comment properly on this article but Wits academic, Robert Vivian, but it’s interesting reading all the same. Read Vivian’s letter first and then come back to my comments. I can’t help…
Read more: Kings, constitution and SAM legislation
Actuarial and Risk, insurance, life insurance, Solvency Assessment and Management, Solvency II

Summary of SAM Interim Measures

25 September 2012

David Kirk

A client was asking about the key changes coming up for SAM Interim Measures. This document (from the FSB) is about the best summary I’ve seen:Â Interim Measures Update (Governance) My take on this is that the FSB is basically expecting compliance or a pretty concerted effort and reasonable compliance with these requirements NOW. The original…
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complexity, Solvency Assessment and Management

SAM and compliance

18 August 2012

David Kirk

SAM introduces massively complex new legislation which at first glance provides enormous amounts of additional work for insurers’ compliance departments. But given the concepts behind SAM, is it really a compliance exercise or is it a business and risk management exercise? Ultimately, insurers will need to decide how they are going to meet the SAM…
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Actuarial and Risk, insurance, Solvency Assessment and Management

New SAM presentation

30 July 2012

David Kirk

I gave an overview of SAM Technical Provisions for short term insurers last Friday. Very much an introductory session, but hopefully explains how the full SAM requirements are not that onerous for a short term insurer.
Read more: New SAM presentation
Actuarial and Risk, capital, complexity, financial risk, insurance, life insurance, news, Solvency Assessment and Management, Solvency II

Systematic risk in insurance

13 June 2012

David Kirk

Lots on this topic to come over the next few months. IAIS chair Peter BraumÃ¼ller acknowledged that traditional insurance does not “generate or amplify systemic risk† within the financial system or in the real economy. Although non-traditional risks do (derivatives exposures, CDS etc.) Meanwhile, the IAIS has released it’s proposals for identification and assessment of…
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Twenty Third Floor

Figuring out the future and the now

Category: Solvency Assessment and Management

SAM Risk-free Rate Workshop

Kings, constitution and SAM legislation

Summary of SAM Interim Measures

SAM and compliance

New SAM presentation

Systematic risk in insurance

About David Kirk

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