- Critical Point Episode 12: Could cyber risk be the next “Big Short”?
By Chris Beck, Chris Harner | 13 May 2019
A cyberattack has the potential to disrupt the world economy, but a new risk management paradigm can help protect against vulnerabilities for insurers and businesses.
- The potential impact of recession on credit risk transfer exposures
By Edem Togbey, Jonathan B. Glowacki | 19 March 2019
Using Milliman’s proprietary M-PIRe platform, this article reviews the potential impact of a mild recession on portfolios of investors involved in mortgage credit risk transactions.
- Implementing IFRS 17 for Takaful companies
By Farzana Ismail, Clement Bonnet, Philip Jackson | 19 December 2018
As insurance companies prepare themselves for the new accounting standard IFRS 17, Takaful companies are facing significant uncertainty in how to interpret and apply the standard to their business.
- The attraction of captives for cyber risk
By Jiang Guanjun | 06 December 2018
Captives can be an attractive alternative for companies, supplementing and substituting for commercial insurance and/or reinsurance.
- The cyber risk spend: How do you quantify the cost of cyber risk – and your return on investment?
By Neil Cantle, Chris Harner, Lisa Henderson | 09 October 2018
As cyber evolves as a threat, companies are facing an increasingly complex enterprise risk management process: the need to not only assess the risk associated with an attack, but also quantify the potential cost of this risk in order to make sure the exposure is both fully protected and efficiently and accurately budgeted.
- Pre-emptive recovery planning for insurers
By Kyle Audley, Fred Vosvenieks | 13 September 2018
All firms should be concerned with their resilience to increased volatility, changes in regulation, and operational risk events and be ready with a proactive approach which considers the recovery response in advance.
- Developments in conduct standards for financial services firms
By Karl Murray, Eamonn Phelan | 03 August 2018
In this briefing note, we summarise the Central Bank of Ireland’s planned reforms, which are relevant to both domestic and cross-border insurers.
- Market risk benefits: What is in scope?
By William C. Hines | 19 July 2018
This paper discusses market risk benefits and contract features that might be within their scope.
- The release of PRA Policy Statement and Supervisory Statement on financial management and planning by insurers: PS10/18 SS4/18
By Marie-Lise Tassoni, Fred Vosvenieks | 12 July 2018
This paper provides an updated summary of the supervisory statement relating to the November 2017 consultation paper CP23/17 “Financial management and planning by insurers”.
- Milliman insurance presentation, Warsaw: Solvency II valuation metrics, Quantitative aspects of SFCRs
By Edward Morgan, Marcin Krzykowski | 20 June 2018
Ed Morgan presented an innovative methodology for guiding management decisions based on Solvency II valuation metrics, and Marcin Krzykowski provided insight on the quantitative aspects of SFCRs from the Polish and European insurance markets.