Risk Management – A supervisor’s approach

Gabriel Bernardino, Chairman of the European Insurance and Occupational Pensions Authority, delivered a speech entitled "Risk Management – A supervisor’s approach" at the SUERF (Société Universitaire Européenne de Recherches Financières) European Money and Finance Forum on the 22nd September 2011 in Helsinki.

In his speech he reflects on the future of risk management and its role in the supervisory framework of the Insurance Industry. He discusses the relevance of the sound risk management principles embedded in Solvency II, the supervisor’s expectations in the different key areas of the framework and he gives some insights on the importance of the Own Risk and Solvency Assessment (ORSA). In addition, he makes some observations on the way the supervisory review process should deal with risk management and identifies some challenges ahead.

Click here for the full text of the speech