PRESS RELEASE NEW CHAIRMANSHIP 2018
Patrick Raaflaub, Chief Risk Officer of Swiss Re and vice-Chairman of the CRO Forum in 2017, has been elected CRO Forum Chairman for 2018. Patrick has been Chief Risk Officer at Swiss Re since [...]
Big Data & Privacy: unlocking value for consumers
With data available at an unprecedented scale, Big Data & Analytics allow insurers to strengthen risk prevention, develop more personalised products, and cover previously excluded risks. For instance, diabetes patients may benefit from customized health [...]
Autonomous Machines
CROF ERI 2017 - Autonomous Machines Position Paper Autonomous machines increasingly feature in business’s and people’s everyday lives. With exponential advances expected in the next few years in artificial intelligence, robotics and data-supporting infrastructure, autonomous [...]
A Guide to Defining, Embedding and Managing Risk Culture
Regulators are taking a heightened interest in organizations’ risk management and underlying cultures, with the spotlight shifting somewhat from banks to insurers. Organizations with mature risk cultures are more likely to make decisions that [...]
Use of internal models in ICS 2.0
In recognition of the fact that a sound capital and supervisory framework for the insurance sector is essential for supporting financial stability and protecting policyholders, IAIS committed to develop a risk-based global Insurance Capital Standard [...]
Leading Practices in Model Management
There is model risk associated with every model. Although this is a well-known fact and extensively covered in the literature, recent developments in insurance regulation, information technology and insurance product design have raised the awareness [...]
PRESS RELEASE NEW CHAIRMANSHIP 2017
Bernhard Kaufmann, Group Chief Risk Officer of Munich Re and Vice-chair of the CRO Forum in 2016, has been elected CRO Forum Chairman for 2017. Bernhard joined Munich Re Group in 2000. He has been [...]
ERI Risk Radar 2016
The CRO Forum’s Emerging Risk Initiative is committed to continuously improve risk management and identify emerging risks within the insurance industry. The Emerging Risk Initiative identified the current emerging risk which are expected to have [...]
Water Risk
Water risks are often underestimated, disregarded or simply ignored. They represent major emerging risks for the re/insurance industry and for global society in terms of scarcity, pollution, health, treatment, conflicts, regulatory and reputational risks. Water [...]
DTA in SCR
Solvency II - Tax? Not my cup of tea! The reality is, that under Solvency II taxes do concern every insurance undertaking, since (deferred) taxes can have a significant impact on the Solvency Capital Requirements [...]