CONTENTS 8


REGULATION TIMETABLE Intelligent Insurer


Our timeline of international insurance and reinsurance regulation over the next six months.


10 THE CORPORATE ENTREPRENEUR Intelligent Insurer


In an exclusive interview, Stefan Lippe explains the leadership strategy which he has pursued since becoming chief executive offi cer of Swiss Re.


18 GOING UP? THE CASE FOR A HARD MARKET Intelligent Insurer


Rates must increase, reinsurers proclaim, the only issue is by how much. Cedants, however, seem unwilling to give more than they absolutely must.


23 THE BANKING REPORT Intelligent Insurer


We examine the close relationships that have been built between insurers, reinsurers and their partners in the banking industry.


38 PREDICTING THE COST OF FUTURE RETURNS i2i Partners


Insurers will need to be more proactive in terms of how they analyse and forecast their investments, says John Townley and Arthur Manners.


42 MANAGING ASYMMETRIC RETURNS— INSIDE DOWNSIDE RISK GR-NEAM


Jim Bachman and Tobias Gummersbach explain how the use of variations of annual tail-value-at-risk (T-VaR) analysis can be used to gain a more accurate assessment.


46 INTELLIGENT INSURER AWARDS 2011


Intelligent Insurer The global industry leaders.


50 SPEED AND SIMPLICITY Intelligent Insurer


We examine how intense catastrophic losses have impacted on industry loss warranties and their role in today’s reinsurance market.


4 | INTELLIGENT INSURER | September 2011


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