After years of absence from the major world economies, inflation risk has re-emerged in a global context characterised by a dynamic mix of old and new factors. While evidence of inflation reduction is becoming clearer, [...]
The risk of critical infrastructure disruption is constantly present today. In addition to climate change and the threat of cyber attacks, the COVID-19 pandemic and the Russia-Ukraine war are recent examples of how infrastructure that [...]
Increased digitalization in society is leading to increased digitalization in the insurance industry impacting distribution, product design, underwriting and operations. This changing landscape also requires that Governance, Risk Management and Compliance (GRC) activities across [...]
In 2013 the CRO Forum published a paper on Scenario Analysis that provided principles that could be used by re(insurance) practitioners to develop an appropriate set of scenarios and stress tests within their risk [...]
In 2007 the CRO Forum published a paper on “Influenza Pandemics” that provided a consolidated view of the potential impact of a Spanish Flu-like scenario on insurance undertakings. The authors also identified steps toward [...]
Recently, the ‘Three Lines Model’ has come under scrutiny and criticism as to whether it remains fit for purpose for financial institutions, against the background of today’s business environment and risk landscape. New technologies such [...]
Although insurance companies have always based their management decisions on information about exposures, risks and customers, the entry into force of Solvency II in 2016 represented a key incentive to progress from informal data quality [...]
An evolution of climate-related risk metrics for the financial services sector is currently underway. Among other things this evolution will help insurers to work towards understanding the challenges and eventually disclosing the carbon intensity of [...]
Since the birth of the Bitcoin cryptocurrency, over the last few years hype has surrounded Distributed Ledger Technology (DLT) and especially blockchain. These technologies have not yet delivered on promises, but experts believe that DLT [...]
Insurers are developing and deploying increasingly complex Big Data tools, first for post-sales purposes such as claims handling and customer service, but also potentially for sales, pricing and underwriting. These Big Data and AI tools [...]
