Contributions from the 31st General Assembly of the Geneva Association, June 2004

The Geneva Papers (2005) 30, 60–64. doi:10.1057/palgrave.gpp.2510013

Capital Adequacy and Risk Management in Insurance

Successful Risk and Capital Management

James J Schiroa

aZürich Financial Services, Mythenquai 2, CH-8022 Zürich, Switzerland. E-mail: james.schiro@zurich.com

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Abstract

For insurance companies, the road to successful risk and capital management entails having a measurement model that is not overly complex, the backing of the top management, appropriate changes in the compensation plans, and organizational change.

Keywords:

risk and capital management, organizational change

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