Reserving for Catastrophe events

In the aftermath of a catastrophe event, how many days will it take a (re)insurer to provide estimates of its losses to its management board? Jahan Anzsar, a group reserving manager at Catlin Group, explains how an accurate estimate can be achieved as efficiently as possible. In an ideal world, the most robust loss estimate for a catastrophe event is to analyse the (re)insurer’s potential exposure to the event by individual contract. However, in the immediate aftermath of a catastrophe, a market-share approach or outputs from catastrophe modelling software may be the only viable options available to produce an initial loss estimate

A bite sized guide to Solvency II- Part II

This is the second of our three “bite sized” Solvency II articles, this time focusing on the valuation of assets, then looking at the capital requirement calculations for the life and health components of the “solvency capital requirement” calculation on the standard formula basis.

There are a number of differences to the way in which the regulatory valuation of assets is determined in a Solvency II world compared with the current Solvency I approach:

Where best to retire?

According to various quality of life surveys over recent years, Dorset – and specifically the seaside town of Christchurch – is the best place to retire in the UK. That may be so as far as services for pensioners are concerned, but clearly quality of life also depends on whether those pensioners have an adequate income to enjoy all that’s on offer.

Volatility will be a primary focus for investors

Latest World News

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Sat, 20 Dec 2014 North Korea denies hacking Sony, U.S. stands by its assertion
Sat, 20 Dec 2014 Cuba says U.S. must respect its communist system
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Sat, 20 Dec 2014 Saudi says security forces kill four militants in Shi'ite village
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Sat, 20 Dec 2014 U.S. sends four Guantanamo prisoners home to Afghanistan
Sat, 20 Dec 2014 Putin says Russia won't be intimidated over Crimea
Sat, 20 Dec 2014 Libya's official government aims to set up new payment system for oil buyers

Lifestyle Actuary

The trappings of fast paced city lifestyles rarely take into account the charm and elegance that a room, a dinner or a cup of tea can afford; characteristics lost to a by-gone era of debutante balls and black tie for dinner.

The Luddite

Sam Richardson looks into the up and coming and the outgoing of the technology and gadgetry world in 2014.

Travelling Actuary

This month's Travelling Actuary takes us to the iconic Boston to experience New England at it’s very best.

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George Osborne's DB Exodus

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