The chief risk officer of Prudential Financial said this week that the risk management of insurance companies must be fundamentally different from that of banks – a point the industry is keen to make to international and US federal bodies as they develop new rules for systemically important institutions.
Nick Silitch used his keynote address at Insurance Risk North America in New York to detail the ways in which the business model, risks and accounting treatment of insurers are different – facto
The week on Risk.net, October 6-12, 2017Receive this by email
- SGX, HKEX expect to be among first wave of Mifid II equivalence
- Leaked EU doc could shield legacy swaps from clearing grab
- Quantile, TriOptima face off in cleared swaps compression battle
- ABS set for revival under US Treasury’s liquidity buffer plans
- Quants stymied by lack of alternative risk premia flows data