Risk Management for Insurers

As firms prepare for the imminent arrival of the Solvency II Directive in 2016, it is more crucial than ever to fully understand how to implement risk management best practice.

This fully updated user-friendly third edition of Risk Management for Insurers will quickly help you get to grips with risk management terms and techniques, and how they relate specifically to the insurance industry. It also demonstrates how Solvency II is already shaping the regulatory agenda and its likely impact on the insurance industry.

The introduction of Solvency II will drastically redesign the supervisory rules for regulatory capital for insurance companies. The insurance industry is therefore in desperate need of an up-to-date risk management book which contains a comprehensive exploration of Solvency II before implementation begins. The resilience of risk management systems in anticipation of Solvency II must be ensured.

This incredibly timely new edition of Risk Management for Insurers places this regulation within the wider context of insurance risk management best practice. Industry expert René Doff presents this fully updated accessible reference for the whole insurance industry that newly includes:

More detailed discussion of Solvency II, with its three pillars examined separately;

- The latest technical guidance from the European Insurance and Occupational Pensions Authority and the European Commission;
- The impact of risk governance and risk culture;
- An up-to-date overview of Basel III; and
- The significance of the International Financial Reporting Standards.

Risk Management for Insurers emphasises practical risk management concepts, rather than technical calculations and detailed theory. What's more, all concepts and terms are applied to clear illustrative examples and the regulation and supervision developments are simple to follow.

The book is recommended for risk managers, actuaries, controllers, accountants, auditors, corporate finance managers, underwriting and reinsurance managers, investment managers, equity analysts and financial consultants.