Transparency
15 whitepapers and resources
Transparency
Risk management practices of the Hong Kong insurance industry survey 2011
Comprising input from 21 companies, this study looks at risk management practices amongst Hong Kong insurance companies. The study provides insights into: asset allocations; perceived key risks; drivers of risk management programmes & challenges; regulation and the macro-economic environment.
Solvency II revealed - October 2011
This report empowers firms to achieve both regulatory compliance and a level of capital efficiency that exceeds investors’ expectations. The study is geared towards: CFOs; CROs; actuaries; catastrophe modellers and compliance managers.
Subrogation claims - a QS perspective
The objective of a subrogation claim is to present a party's losses arising out of an insured event so to achieve success in a recovery action. This report summarises the key topics covered during a 2012 seminar, including construction project claims plus quantity surveyors and the claims process.
The failure of the Royal Bank of Scotland: Financial Services Authority board report
This 452 page report aims to provide an analysis of how and why RBS failed. It identifies the multiple factors which combined to produce RBS’s failure, including errors of judgement and execution made by its executives and management, which resulted in a UK government bailout costing £45.5bn.
An economic analysis of credit rating agency business models and ratings accuracy
This paper analyses, from an economic perspective, the viability of different business models in providing accurate ratings of credit risk to investors. It critically compares four different business models for credit ratings agencies, on the basis of accuracy and practicality.
Guidance on the 8th EU company law directive
The objective of this FERMA/ECIIA Guidance is to assist board members, particularly members of the audit committee, with the implementation of art. 41 of the 8th European Company Law Directive. This guide provides advice on interpreting the legislation and implementing appropriate systems.
FERMA risk management benchmarking survey 2010
The annual FERMA survey gives the best available picture of the evolution of risk and insurance management and its role in Europe today. Featuring 782 respondents, the study looks at keys to understanding the diversity of risk management practices in Europe.
Directors' & officers' liability insurance benchmarking report 2010
Businesses are faced with evolving corporate governance regulation and an increasingly litigious environment domestically. Airmic conducted a survey of its members to understand D&O purchasing patterns and to provide data against which risk managers can benchmark their own insurance programmes.
The failure of the Royal Bank of Scotland - part one: Why did RBS fail?
In October 2008, the Royal Bank of Scotland (RBS) failed and had to be part-nationalised. Why did this failure occur? Many accounts of the events refer to RBS’s record £40.7bn operating loss for the calendar year 2008. But that loss is not in itself an adequate explanation of failure.
AM Best review: the ripple effect - Solvency II standards
An article previewing Solvency II's anticipated impact upon insurers conducting business in Europe. The article outlines the steps already taken by UK insurers to adapt, the possible implications for small insurers and international businesses, plus the anticipated information technology costs.