A handy guide for actuaries on how to better perform work review

Will you unconditionally rely on the actuarial work performed by others? As an actuary, you make important decisions daily —you select a better model to make projections, provide management with forecasts on profitability, report to the regulator on the strengths of booked reserves, the capital position and many others.  At …

How does a global pandemic impact Solvency II?

Navigating the COVID-19 pandemic calls for outlining possible scenarios on how the financial statements of (re)insurance companies will be impacted.  Depending on the nature of the business and the types of products in investment portfolios, companies may face increased mortality rates, economic contraction, slowing business activity, falling equity markets and …

COVID-19: How will it possibly impact your solvency II Best Estimate assumptions? 

In this article we discuss potential implications of the COVID-19 pandemic on the best estimate assumptions and capital modeling under solvency II for life insurers. The observations are more applicable to life insurers but can also be relevant for reinsurance.  Our conclusions are based on our experience on the insurance …

The Know-Your-Third-Party approach in financial services

The last cybersecurity-related blog entry of this special and ineffable 2020 is about the Know-Your-Third-Party approach, which allows for the standardisation of third-party oversight processes, including managing cybersecurity risks proactively.   The more technology spreads across the world of work, the more financial institutions rely on software applications and specialised IT …

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