CFO Forum, CRO Forum
CFO Forum
CFO Forum is a discussion group created by and consisting of European Financial Managers of listed and several unlisted insurance companies. Its purpose is to discuss the issues concerning new regulations on insurance accountancy, and on its transparency for investors. Forum was founded in 2002.
CFO Forum is involved in the Solvency II project through a discussion of financial reporting.
Members: AEGON N.V.; Allianz SE; Assicurazioni Generali S.P.A.; AXA S.A.; Aviva plc; BNP Paribas Assurance; CNP Assurances; Fortis B.V.; Hannover Rueckversicherung AG; IF P&C Insurance; ING Groep N.V.; Legal & General Group plc; Mapfre S.A.; Münchener Rückversicherungs-Gesellschaft; Old Mutual plc; Prudential Assurance Company plc; Scottish Widows Group; The Standard Life Assurance Company; Swiss Reinsurance Company; Zurich Financial Services Group.
Documents issued by the CFO Forum:
EEV Principles
Phase II Principles
CRO Forum
Risk Management Forum (CRO Forum) brings together Managers of Risk Management of major European insurance companies and financial corporations. It was founded in 2004 to work on the most important issues concerning the risk for advanced practitioners of the market.
CFO Forum is a professiona discussion group on risk management focused on developing and promoting best practices in risk management. The aim of the CRO Forum is to present opinions of big companies, focusing on three main assumptions:
- Compliance with the advanced regulatory requirements / best practices in risk management,
- Recognition of group synergies, especially the benefits of diversification,
- Simplification of regulatory interaction.
CRO Forum is involved in the Solvency II project through discussions on risk management.
Members: Aegon; AIG; Allianz; Aviva; AXA; Fortis; Generali Group; Groupama; Hannover Re; ING; Munich Re; Prudential; Swiss Re; Zurich.
Documents issued by the CRO Forum:
- CRO Forum feedback on Solvency II draft Directive
- CRO Forum comments on Consultation Paper no. 20 Pillar I issues - further advice
- CRO Forum comments on Consultation Paper no. 16 Pillar II issues relevant for reinsurance
- CRO Forum comments on Consultation Paper no. 19 Safety measures (Limits on Assets)
- CRO Forum comments on Consultation Paper no. 18 Supervisory powers for further advice
- CRO Forum comments on Consultation Paper no. 17 Pillar II capital add-ons for solo and group undertakings
- CRO Forum comments on Consultation Paper no. 15 Supervisory reporting and Public Disclosure in the Framework of the Solvency II Project
- CRO Forum response to FSA/HMT Discussion Document Supervising insurance groups under Solvency II
- CRO Forum feedback on key issues arising from the QIS II consultation
- Feedback on CEIOPS Consultation Paper 14 Joint submission by the CRO Forum and CEA
- Feedback on CEIOPS Consultation Paper 13
- Feedback on CEIOPS Consultation Paper 9 Solvency II - third wave calls for advice
- Solutions to major issues for solvency II (joint submission by the CRO Forum and CEA)
- Response to CEIOPS Second Wave Calls for Advice Solvency II public hearing, Frankfurt
a_framework_for_incorporating_diversification_in_the_solvency_assessment_of_insurers.pdf
A framework for incorporating diversification in the solvency assessment of insurers