Основан в 1907 году
в России и за рубежом
In the current tough economic environment, there can be observed a number of considerable changes in the functions of risk management for insurance companies. The key function of risk management process is to ensure that a company has the cash available to make value enhancing investments. On the one hand insurance business has been developing its risk management efforts in order to comply state supervisory requirements (risk based capital assessment practice and stress-testing), on the other hand – to enhance its performance in view of increased volatility of the markets. A good illustration of implementing advanced internal models and risk frameworks as a part of their own risk and solvency assessment is Solvency II regime, actively initiated in EU. The goal of this article is to investigate the risk management and capital frameworks opportunities and tendencies for insurers, to suggest the key drivers for its development.