A non-parametric visual test of mixed hazard models

Mortality models are increasingly used to answer a number of pension related questions. This executive summary describes the development of a visualisation technique useful for the individual assessment of the quality of a mortality model.

Updated: 03/01/2014
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Views: 795

Pension Scheme Governance in a Risk-Focused World

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.

Updated: 22/10/2013
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Views: 975

Global Reinsurance Masterclass series: 6. Intelligent Matchmaking

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

Updated: 16/10/2013
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Views: 679

Global Reinsurance Masterclass series: 5. Strategic reinsurance relationships

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.

Updated: 15/10/2013
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Views: 652

Global Reinsurance Masterclass series: 4. Be a better reinsurer

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.

Updated: 15/10/2013
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Views: 1,042

A simple formula for optimal management of individual pension accounts.

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.

Updated: 25/09/2013
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Views: 506

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?

Updated: 03/10/2013
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Views: 891

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.

Updated: 26/06/2013
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Views: 2,425

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.

Updated: 11/06/2013
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Views: 2,073