Emphasis 2012/4

Декабрь 2012

| Australia, United States

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In this Issue...

Capital Modeling in the Real World: One Company Opts for Speed and Power

By Abbe Bensimon

A capital model promotes improved risk management and efficient use of capital, but needs to be adapted to an insurer's changing objectives and requires a well-conceived project plan such as the one developed by FourContinents Specialty Insurance.

2012 Global ERM Survey: Keep Your Eye on the Prize

By Ian Farr and Stuart Butler

Insurers have a clear vision of how enterprise risk management (ERM) will add value to their organizations but face business challenges in progressing toward that goal, according to Towers Watson's Seventh Biennial Global ERM Survey, released in November.

The Need to Build a Strong Risk Culture Is Growing: Effective Diagnostics Support a Positive Culture

By Oliver Davidson, Patricia Mackenzie, Mike Wilkinson and Rachel Asselin-Miller

A specifically designed diagnostic can help companies measure and therefore manage their risk cultures, meet regulatory expectations and improve financial performance.

Towers Watson Claim Cost Index: Severity Consistent With Inflation

By Jeremy P. Pecora and Emily M. Thompson

This article presents an update of a family of price indices for major lines of business written by property & casualty (P&C) insurers in the U.S.

The Transformation of Risk Requirements in Asia Pacific Markets

By Penny Fosker and Anton Kapel

Regulators in many of Asia Pacific's markets are transforming their risk measurement and management requirements in a manner similar to action being taken in other parts of the world, as our analysis of Australia, Malaysia and China illustrates.

Collaboration Builds Strong ERM: CROs and CIOs Need to Work Together

By Karen Wells and Mark Scanlon

Creating a risk budget is a critical step in building a strong enterprise risk management (ERM) program because it can bring together the domain knowledge of chief risk officers (CROs) and chief investment officers (CIOs), forge consensus on risk tolerance and make it easier to take action when risk limits are triggered.

The Last Word: Improve Private Market for Cat Risk: Lead by Example

By James W. B. Hole