Insurance Risk Management — Jonas Osman Abdelfour
Solvency, capital modelling, catastrophe, climate and enterprise risk work for insurance and reinsurance undertakings.
Insurance risk requires equal fluency in actuarial mechanics and in governance. Work in this area covers solvency and capital modelling, underwriting and reserving risk, catastrophe and climate scenario analysis, and the ORSA process that ties them to strategy.
What this work covers
A representative — not exhaustive — set of areas addressed in engagements of this type.
- Insurance ERM framework
- Solvency and capital modelling
- Own Risk and Solvency Assessment (ORSA)
- Underwriting risk oversight
- Reserving risk
- Reinsurance risk
- Catastrophe risk
- Climate scenario analysis
- Emerging risk identification
- ESG risk governance
- Investment and market risk
- Insurance conduct risk
How it operates in practice
Reviews focus on the coherence between the capital model, the risk appetite, and the ORSA narrative — and on whether catastrophe and climate scenarios genuinely inform underwriting and capital decisions rather than sitting alongside them.
Related insights
All insights →- Insurance RiskThe insurance CRO agenda: solvency, underwriting, reserving and emerging risk
How an insurance Chief Risk Officer should integrate solvency, underwriting, reserving and emerging-risk priorities into a coherent agenda.
- Insurance RiskORSA governance and strategic decision-making for insurance boards
How to run an ORSA that informs strategy and capital decisions rather than producing an annual report nobody uses.
- Insurance RiskSolvency II risk governance and the role of the risk function
How the risk function operates within Solvency II governance — appetite, ORSA, key functions, model governance and supervisory dialogue.
- Insurance RiskInsurance underwriting governance, pricing controls and portfolio steering
Governance over underwriting authorities, pricing discipline, accumulation control and portfolio steering in general insurance.