Articles in "Insurance and Pensions"

Pension Scheme Governance in a Risk-Focused World

Author(s): Andrew Clare et al.

A new study published by BNY Mellon, the global leader in investment management and investment services, in association with Cass Consulting presents a framework to help trustees better navigate the complexities of today's risk-focused world.

Global Reinsurance Masterclass series: 6. Intelligent Matchmaking

Author(s): Paula Jarzabkowski et al.

This Masterclass outlines the traditional sources of brokers' value and remuneration, and explores how current industry dynamics challenge the traditional model.

Global Reinsurance Masterclass series: 5. Strategic reinsurance relationships

Author(s): Paula Jarzabkowski et al.

Building and managing client relationships involves a significant investment of time and resource. In this Masterclass we show how reinsurers can manage their clients strategically, so that resources invested support the business strategy and 'pay off'; either directly or indirectly.

Global Reinsurance Masterclass series: 4. Be a better reinsurer

Author(s): Paula Jarzabkowski et al.

Changes in the global reinsurance industry are having a profound impact on the internal operations of reinsurance firms. Success in this environment increasingly relies on a firm's ability to coordinate diverse pockets of specialised knowledge. This masterclass identifies the critical capabilities required to utilise these knowledge pools for optimum operational excellence.

A simple formula for optimal management of individual pension accounts.

Author(s): Ales Cerny et al.

This research considers optimal investment for an individual pension savings plan in receipt of gradual contributions against which one cannot borrow, using expected power utility as the optimality criterion.

Can digital technology bring quality financial advice to the masses?

Author(s): Jens Nielsen et al.

Why should those at the top end of the salary scale be the only ones getting high quality financial advice on their savings and pensions? How can digital technology deliver this advice at low cost to everyone?

Trading risk: The value of relationships, models and face-to-face interaction in a global reinsurance market

Author(s): Paula Jarzabkowski et al.

Over the past 20 years, the reinsurance industry has experienced three profound forces for change. First, technological change has improved information distribution and strengthened connections between global markets. Second, regulatory emphasis on global equivalence in trading practices has generated pressure for convergence across different marketplaces. Third, the widespread acceptance of vendor property catastrophe models has led to more standardised approaches to the evaluation of reinsurance risks, levelling the playing field for decision-making on at least some classes of business. However, there has been little systematic evaluation of the specific implications of change for either trading practices or for future industry evolution. This report addresses that gap by presenting the results of an industry-commissioned, year-long study of reinsurance underwriting and broking practices in the Lloyd's and Bermuda marketplaces.

Beyond borders: Charting the changing global reinsurance landscape

Author(s): Paula Jarzabkowski et al.

This report is the result of a three-year study of the global reinsurance industry, covering the main stakeholders of cedents, reinsurers, and brokers. It examines the implications of profound change arising from shifts in regulation, consolidation in the key players, and increasing competition both within the reinsurance industry and from alternative capital providers.

Global Reinsurance Masterclass series: 3. Winning the game

Author(s): Paula Jarzabkowski et al.

Reinsurance providers have typically avoided head-to-head competition by occupying different strategic positions, according to their different perspectives on what constitutes attractive business. However, industry evolution is generating greater rivalry that is eroding some of these distinctions and driving reinsurers towards new strategic positions. This masterclass identifies these strategic groups and analyses the moves reinsurance companies can take to prosper.

Global Reinsurance Masterclass series: 2. Fit for purpose?

Author(s): Paula Jarzabkowski et al.

The reinsurance industry is a secondary industry. It exists to serve the needs of a primary insurance industry: so trends in insurance are likely to change the kinds of products which insurance companies need from reinsurers. This Masterclass focuses on the buyers of reinsurance - the primary insurers, whose world is rapidly changing - and shows how reinsurers need to position themselves to continue

to attract insurers' premium.

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