Systemic Risk – What Risk?

Contributor: Patrick Thiele, President & CEO PartnerRe
Date: 4/8/2010
Why legislate for systemic risk in an industry that apparently has none? Patrick Thiele calls for intelligent regulation informed by the unique economics of the reinsurance industry.
Tags: Non-specific, Regulation, CEO commentary

A Stochastic Model for Longevity Risk

Contributor: Bridget Browne, Head Life Pricing & Solutions, PartnerRe; Juliette Duchassaing, Life Pricing Actuary, PartnerRe; Fabrice Suter, Life Pricing Actuary, PartnerRe
Date: 2/1/2010
A practical, robust model to assess mortality deviation and thus ensure adequate risk capital in line with solvency requirements
Tags: Life & health, Non-specific, Regulation

The Right Kind of Regulation

Contributor: Patrick Thiele, President & CEO
Date: 10/20/2009
Regulation is coming to the re/insurance industry whether we like it or not. CEO Patrick Thiele gives it a cautious welcome arguing that the right kind of regulation should mean a more secure, more cost-effective form of risk transfer for cedants.
Tags: Non-specific, Regulation

Preparing for Higher Limits

Contributor: Emmanuel Becache, Senior P&C Underwriter, PartnerRe; Lea Nefussi, P&C Underwriter, PartnerRe.
Date: 10/1/2007
The current minimum statutory Motor insurance limits in the EU were set in 1984 by the 2nd EU Motor Insurance Directive (84/5/CEE). In the meantime, claims inflation and the wide range of minimum limits adopted in EU countries, have prompted a revision of the minimum limits, as outlined in the 5th EU Motor Insurance Directive (2005/14/CE). The extent to which the 5th Directive impacts a specific insurance market will depend on the current limits offered in that market: ranging from no or little impact in countries that offer unlimited coverage for bodily injury, to potentially significant impact in countries that have remained with the former minimum limits. For example, the minimum limit for combined bodily injury and property damage per event will be multiplied ten-fold, from € 600,000 to € 6 million for countries that choose the second option of the directive.
Tags: Europe, Motor, Regulation, Agriculture

When Change is Afoot

Contributor: Patrick Thiele President & CEO
Date: 4/1/2007
The January 1, 2007 non-life renewal results are in. Despite a good portion of premiums leaving the reinsurance market, the renewal was orderly, with a reasonable level of competition. But on January 2, substantial change was afoot. 2006 proved to be a record year ...
Tags: Non-specific, Risk management & reserving, Capital markets & structured products, Regulation, CEO commentary