Whitepapers
Convergence of risk and regulation
By Dr Willi Brammertz, Senior Advisor at FRSGlobal
Times have changed and although we may be going back to the 'old' way of banking, the 'old' technology isn't going to be able to support it.
This report is not about policy. It is about reforming the analytical fundament of regulation which will set regulators at par in terms of knowledge with CRO's. We call it 'new' regulation.
Understanding the standard approach and models in Solvency II
by Werner Hürlimann - senior consultant for the insurance business sector at FRSGlobal.
The development of any solvency system, including Solvency II, should be embedded in a wider framework or "Global View" as first proposed in a fundamental paper by the International Actuarial Association (IAA) in 2004.
At first sight this sounds a rather abstract challenge but we are focusing mainly on the non-life insurance risk and demonstrate the advantages of such a philosophy by pointing out some new practical proposals which have emerged recently
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