Sub-topics and Links

See Madrid Annual Seminar Research Round Table presentation, “Management Strategies in Mulit-Year ERM” by Dorothea Diers and seminar presentations and videos for Frank Ellenberger, Jerry de St. Paer, Yoshihiro Kawai, Axel Lehmann, Therese Vaughn, Gary Carter, Karel von Hulle, Ricardo Lozano and Roger Sellek.
RESOURCES:

Regulatory and Accounting Standards
“Toward a Global Solvency Standard V”, Emphasis 2010/01, Towers Watson (See www.towerswatson.com, Services, Insurance Consulting, Featured Research, Emphasis)

Measuring Extreme Risks
“Parametric insurance solutions should play larger role in catastrophe coverage says Swiss Re,” Swiss Re, www.swissre.com/pws/about%20us
/corp.%20responsibility/haiti.html

Basel/Solvency I and II
“Preparing for Solvency II:  ACORD Data and Information Standards,” ACORD, October 2008, www.acord.org/library/Documents/ACORDSolvencyII.pdf

What are relevant risks – normal and extreme?
“Key Categories of Risk:  Deconstruct the Landscape,” Deloitte,
 www.deloitte.com/view/en_us/us/insight/hot-
topics/your-turn-risk

Insurance v. banking v. securities
Letter from Financial Stability Board Chairman Mario Draghi to the G20 leaders, 24 June 2010 on progress on development of bank capital and liquidity reforms, dealing with financial institutions posing systemic risk and market transparency.  www.financialstabilityboard.org/publications/r_100627a.pdf

Regulatory objectives – balance protection without overburdening
“Regulation Modernization (in the U.S.),” Insurance Information Institute,  January 2010 www.iii.org/issue_updates/Regulation-Modernization.html
“Insolvencies/Guarantee Funds (in the U.S.),” Insurance Information Institute, February 2010 www.iii.org/Media/hottopics/insurance/insolvencies/

Regulatory approaches and capacity – jurisdictional arbitrage
“State of the Financial Services Industry 2010,” Oliver Wyman,
  www.oliverwyman.com/ow/state_of_the_
financial_services_industry_2010.htm
“Letter from Sarajevo,” International Insurance Foundation, 2008, www.iifdc.org/pubs/letter%20from%20sarajevo.pdf
“The European Union Integration Process and Insurance Market Development:  The Case of the Former Yugoslav Countries,” International Insurance Foundation, 2008, www.iifdc.org/pubs/occ7.pdf

Use of professional certifications
Regulatory agency structures – for insurance and other financial services
“State Differences in Life Insurance Marketing:  Consideration of a Federal Level Playing Field,” Conning Research, www.conning.com/pressrelease-
detail.aspx?id=3349

Managing failing institutions – “too big to fail”, guarantee funds
“Insurance and the Credit Crisis:  Impact and the Consequences for Risk Management and Operations,” Geneva Association, www.palgrave-journals.com/gpp/journal/v35/
n1/abs/gpp200939.html

Executive compensation
“10 minutes on Compensation,” PWC, www.pwc.com/us/en/10minutes/
compensation-pay-performance-model.jhtml

Impact on insurer strategies and performance
“Coming Together:  Capital and Risk Management,” Towers Watson, www.towerswatson.Com/research/975

Risk management responses
“Risk Management:  The Current Financial Crisis, Lessons Learned and Future implications,” Society of Actuaries, Casualty Actuarial Society, Canadian Institute of Actuaries, www.casact.org/cms/pdf/Essays_on_
Financial_ Crisis.pdf
“Building a Common Approach to Managing Risk.” Marsh & McClennan’s Viewpoint, No. 1 2010, www.mmc.com/knowledgecenter/viewpoint.php

Financial and Stability Risk
“Spring Financial Stability Report 2010,” June 2010, www.ceiops.eu/media/files/publications/
reports/Fin-Stability-2010-1/CEIOPS-
SPRING-2010-FINANCIAL-STABILITY-REPORT.pdf.  Committee of European Insurance and Occupational Pension Supervisors’ semi-annual assessment of financial and stability risk in the EU.

Regulatory Agency Memorandums of Understanding
“Florida Office of Insurance Regulation, Mexico Sign International Cooperation Agreement,” IIS Global Newslink (September 30, 2010) HT Media Ltd. – U.S. State News.
“Taiwan Finance Regulator Ties up with U.S. Insurance Watchdog,” IIS Global Newslink (September 30, 2010) Asia Pulse Pty Limited – Asia Pulse.