The Risk Margin has proved to be one of the most controversial aspects of Solvency II: it is accused of destabilising balance sheets and causing insurers to fundamentally change product and reinsurance strategies. So what is the purpose of the Risk Margin? Does it do more harm than good? Is it flawed in concept, is it mis-calibrated or does it actually enhance policyholder protection? And how would actuaries redesign the Risk Margin if we started from a blank piece of paper?

The Risk Margin Working Party’s membership covers insurers, banks and consultants from the UK and overseas.

Speakers: Paul Fulcher, Milliman and Andy Scott, Hymans (IFoA Risk Margin Working Party)