Interested in
our risk advisory services for insurers?
Get in touch with Jaap Karelse or Martijn de Groot for more information about our risk advisory services for insurers.
We support with the design and implementation of risk measurement, management and governance. Our specialization is in risk management of life and non-life (re)insurance portfolios with a focus on investment, actuarial and mismatch risk (ALM).
Insurers are facing increasing complexity of financial regulations and strong competition in the marketplace. With Solvency II coming into force, the ability to effectively mitigate risk while maintaining a clear strategic vision is a key condition for a strong and resilient organization. We enable insurers to achieve both regulatory compliance and strategic risk goals, by offering support from strategy to implementation.
Read more about our specific risk management systems services for financial institutions.
Read more about our specific model validation services for financial institutions.
Read more about our specific valuation services for financial institutions.
Read more about our specific valuation services for financial institutions.
On Thursday 8 September 2022, we hosted the Zanders Risk Management Seminar at the Muntgebouw, Utrecht.
Ensuring that treasury departments of insurance companies are prepared for tomorrow’s challenges is often a real endeavor. Treasury organizations of insurance companies operate in a regulatory drive...
Innovative developments in cash management, combined with the application of cutting-edge technologies, ensure that the corporate treasury function is heading towards a truly real-time, frictionless a...
Climate change risks are relatively newly identified risks that insurers are facing. These risks can negatively impact both assets and liabilities of insurers. Already in 2018, the European Commission...
On 5 March 2021, the Financial Conduct Authority (FCA) announced the official dates of the cessation and loss of representativeness of the LIBOR rates. As a result, 31 December 2021 will be the last d...
At the end of this year, the LIBOR we currently know will be discontinued. For some currencies, the calculation methodology will be adjusted, while others will move to a brand new or alternative risk-...
Machine learning (ML) models have already been around for decades. The exponential growth in computing power and data availability, however, has resulted in many new opportunities for ML models. One p...
Insurers face a growing transfer pricing compliance burden as industry-specific elements increase complexity. However, regulatory compliance remains key to limit tax and reputational risks. In this re...
The Financial Conduct Authority (FCA) ensured bank panels support LIBOR, and this is coming to a close at the end of 2021. Currently more than 80% of CHF loans are priced with the CHF LIBOR as a basis...
For the valuation of pension liabilities, pension funds in the Netherlands use the so-called interest rate term structure (IRTS) with the ultimate forward rate (UFR). This curve basically allows pensi...
The Swiss Average Rate Overnight (SARON) is expected to replace CHF LIBOR by the end of 2021. The transition to this new reference rate includes debates concerning the alternative methodologies for co...
The Swiss Average Rate Overnight (SARON) is expected to replace CHF LIBOR by the end of 2021. The transition to this new reference rate includes debates concerning the alternative methodologies for co...
The Swiss Average Rate Overnight (SARON) is expected to replace CHF LIBOR by the end of 2021. The transition to this new reference rate includes debates concerning the alternative methodologies for co...
While scientists and politicians do not always agree on the plan for how to fight the corona pandemic, there is consensus on one aspect: the economic crisis we have entered as a result may develop to ...
The end of the IBOR era is near and IBOR transitions are a big challenge for both the regulators and the insurance industry. Survey results have revealed that most of the insurance firms already have ...
At the beginning of 2020, the coronavirus COVID-19 disrupted the world in a manner that hardly anyone was prepared for. A vast amount of resources is required to get through this phase. For insurance ...
The Financial Conduct Authority (FCA) will stop supporting LIBOR from the end of 2021, while more than 80% of CHF loans are currently priced based on the CHF LIBOR. According to the Swiss National Wor...
As a new accounting standard for insurance contracts, IFRS 17 is seen as one of the big regulatory disruptions for insurance companies in the coming decade. The determination of discount curves is cru...
As with famous movie franchises like Star Wars, The Avengers and James Bond, many risk management professionals have had to wait a few years for the next episode of the Zanders Risk Management Seminar...
Creating a future stress scenario for the yield curve is not easily done. Above all, it is something that has to be done carefully, because it can have negative repercussions for a financial instituti...
The introduction of IFRS 17 is one of the largest regulatory shocks to the insurance industry in the past decade. At heart, the accounting standard attempts to combine traditional reporting with forwa...
A new law for the winding up of insurance companies in financial distress states that all Dutch insurers with Solvency II approval are required to formulate a Preparatory Crisis Plan. This article exp...
During the past 20 years, mobile services have changed so much in our lives - from ordering a taxi, eating out, or simply the way that we communicate with one another. Relatively speaking, banks have ...
After the long-acknowledged fact that global warming has catastrophic consequences, it is also increasingly recognized that climate change will impact the financial industry. The Bank of England is ev...
A part of the curriculum of the Econometrics & Mathematical Economics master’s degree given in the VU University Amsterdam is the course Time Series Econometrics. In this course, students are taught...
During the past few years, the Dutch mortgage market has changed. Although their name suggests otherwise, fixed rate mortgages are nowadays anything but fixed.
The insurance industry agrees that data requirements are a key challenge in the implementation of IFRS 17. Although the main purpose of IFRS 17 is to harmonize the insurance industry by setting princi...
Risk management and treasury specialists are using diverse models on a daily basis to manage various risks. It is easy to forget about the risk that is implied in using the model itself. What we refer...
Due to upcoming regulatory changes, technology advancements and the potentially catastrophic rise of so-called InsurTech companies, life as an insurer gets busier and busier. They are currently facing...
The insurance sector is preparing for the implementation of IFRS 17. A great deal of attention is paid to modeling and the consequences for (finance and risk) policy. In addition to complying with the...
In April 2018, The Economist wrote about the sharp increase of methane in the atmosphere during the past 10 years. This increase is worrying because, like carbon dioxide, methane retains heat and cont...
As automation and digitalization are adopted more widely in the financial industry, the number of financial models used is also steadily growing. As a result, an institution’s success or failure dep...
In the film Margin Call, a recently dismissed banker, Eric Dale, talks about one of his accomplishments as an engineer before he went into banking. He explains that he’d helped to build a bridge fro...
Regulatory developments are changing the shape of the European financial landscape – so to what extent will this create a level playing field for banks and insurers in the Dutch residential mortgage...
Back in 2010, the American Economic Review published the article Growth in a time of debt, which was penned by Carmen Reinhart and Kenneth Rogoff (Reinhart and Rogoff).
Similar to other industries, the insurance industry is subjected to a wide array of changes driven by both business and technological forces fueled by innovation. This wave of change and innovation in...
Twenty-five years ago, having Internet on your mobile phone was still a theoretical concept. Today, however, even your toaster fights hard to escape the Internet of Things.
On 18 May 2017, the International Accounting Standard Board (IASB) issued the new IFRS 17 standards. The development of these standards has been a long and thorough process with the aim of providing a...
Seven students in Asia were taking their morning walk with their teacher. Dewdrops sparkled in the weak sunshine. The teacher stopped near a large water droplet. He asked his students to stand around ...
The drafting of the new IFRS accounting standard for insurance contracts (previously called IFRS 4 Phase II) is moving towards completion.
On the 28th of June, Zanders organized a breakfast session on the Solvency II Matching and Volatility Adjustment. Participants from Dutch life insurance companies joined the session to discuss the dri...
The development of a new International Financial Reporting Standard for insurance contract accounting (IFRS 17 Insurance Contracts) is approaching completion. The development has been under way for mo...
The imposing hall of the Koninklijke Tropeninstituut (KIT – the royal tropical institute) has a long history of science and learning but is also the perfect setting for a seminar on the future of ri...
To assess the resilience of the European insurance sector to adverse market developments and to assess systemic risk in times of stress, the European Insurance and Occupational Pensions Authority (EIO...
Persistently low interest rates are presenting financial institutions with challenges when valuing and managing the risks on interest rate options. The limitations of traditional valuation models are ...
On April 30th 2014, the European Insurance and Occupational Pensions Authority (EIOPA) published the technical specifications for the preparatory phase towards Solvency II. The technical specifi catio...
In March 2015 the European Insurance and Occupational Pensions Authority (EIOPA) released its fi nal report on the equivalence of the Swiss supervisory system in relation to some articles of the Solve...
The market valuation principles embedded in Solvency II ensure that an insurer’s equity is directly affected by financial markets. In many respects, this is desirable. However, market value fluctuat...
Due to better healthcare and a safer living environment, the average life expectancy in the developed world has been increasing. For life insurance companies this uncertainty creates ‘longevi...
European insurers are not only facing extremely low interest rates and the introduction of the Ultimate Forward Rate (UFR), they must especially take into account the presumed requirements of Solve...
On a day to day basis I regularly hear “I have to pop to Risk to find out what they think about this”, or “What does Compliance say?” and “Does this fit in with our ri...
Following a public consultation earlier this year, the European Insurance and Occupational Pensions Authority (EIOPA) recently published the final Guidelines on preparing for Solvency II. Why have ...
Since its introduction in 2012, there has been a great deal of debate about the merits of the Ultimate Forward Rate (UFR). The UFR makes insurers and pension funds less dependent on long-term inter...
To many people, MSCI is known for its World Indices. But as a leading provider of investment decision support tools, MSCI offers software to companies, helping them to analyze financial markets suc...
In 2012 the Dutch Minister of Finance informed the Lower House of a number of measures concerning the interest rate policy of providers of mortgage credit.
Its expert speakers promised a lot and the number of early registrations demonstrated just how much interest there is for this year’s theme: effective capital management – once a qualit...
Switzerland’s Swiss Re is the world’s second largest provider of reinsurance and insurance-related risk products. Traditionally the company insures events that can lead to huge losses, such as nat...
The insurance company VIVAT was looking for a flexible tool to perform standard model calculations according to Solvency II directives. It decided to use the existing risk-initiated ALM tool which led...
As one of the world’s largest reinsurance companies, they’re at the forefront of treasury and risk management developments. Liquidity risk is slowly appearing on the regulatory radar of...
2023 © Zanders. All Rights Reserved. KvK 30112147. Cookie Policy | Privacy Policy | Terms of Service | Vulnerability Disclosure
Managed by Sluijmer Multimedia and hosted by True.
