What’s it really like to work in the field of risk management? In conjunction with the Institute of Risk Management (IRM), Risk Xtra continues its new series of articles running under the banner ‘Tools of the Trade’ in which we ask practising professionals to offer…
Tag:
Solvency II
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60 Barclays Risk Academy learners to embark on IRM’s International Certificate in Financial Services Risk Management
by Brian SimsThe Institute of Risk Management (IRM) recently launched its all-new International Certificate in Financial Services Risk Management at the Merchant Taylors’ Hall in central London. Over 60 key players from the financial services industry were in attendance at the event to hear speeches from IRM chair Nicola…
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IRM outlines detailed framework on capabilities of flood risk-focused models for financial risk carriers
by Brian SimsThe Institute of Risk Management (IRM) has published a guidance document produced by its Internal Model Industry Forum (IMIF) exploring advanced uses for insurer internal models in the context of the insurance and reinsurance of flood risk. This guidance has been produced by a work stream…
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IRM and ORIC International publish guidance notes targeting operational risk for insurance sector
by Brian SimsThe Institute of Risk Management’s (IRM) Internal Model Industry Forum (IMIF) has launched two guidance booklets: Operational Risk Modelling: Common Practices and Future Development (created by ORIC International and the IRM) and Diversification Benefit: Understanding its Drivers and Building Trust in Numbers (created by the IRM). Capital requirements…
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The Institute of Risk Management’s Internal Model Industry Forum has published a guidance document based on its research into the effective validation of risk models created by the insurance industry to comply with the requirements of Solvency II. Entitled ‘The Validation Cycle: Developing Sustainable Confidence and…