Marcel Kahn has been elected vice-president of AMICE
Marcel Kahn, CEO of MACSF Group, has been elected vice-president of AMICE, representing small, medium an intermediary size mutuals in Europe.
To Read Absolutely
4 books on the financial crisis and its origins
Recognition of mutual statute
ROAM confirms the necessity of a recognition of mutual statute at European level by supporting the written declaration of the Members of European Parliament on this matter.
Mutualist commitments taken by ROAM's mutuals insurance companies
ROAM has adopted 8 commitments which fully in line with the mutualist way its members work. ROAM invites its members to promote those mutuals values, in order to use them as a powerful economic leverage.
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Dear pal. I do aprpeciate the writing.
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Glad I've finally found smoetihng I agree with!
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The calculation of the SCR under Solvency II is extremely difficult to understand for a 'normal human being'. This will encourage board members to leave risk management to ' experts', rather than to actively participate in keeping the undertaking solvent.
Furhtermore, the calculation of the SCR is extremely detailed. One can ask wether the future predicting capability of the used models is truly better than that of 'plain common sense'. No one can predict the future, not even mathematic and statistical models. I tink, the current economic crisis has proved those models to be quite worthless.
European insurers are now spending millions and millions on a debatable means of protection of policyholders. Let's not forget that protection of policyholders is still the main goal of Solvency II. Too bad this goal has been lost out of sight almost immediately after the release of the draft framework. Mathematicians, statisticians, technicians and bureaucrats have taken over. What a shame!
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AM Best has issued an article "French Mutual Group No Fan of solvency II" september 9, Bestwire services, go on their website an have a look at it
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Scor asks: what use emergency capital if it can?t be used?
French reinsurer Scor has urged that solvency regulations be relaxed so that in times of crisis the solvency back-up can be of some use. In a recent paper from Scor?s Jean-Luc Besson, Michel Dacorogna and Philippe Trainar, Scor said that at the moment it felt a bit like a pilot asking for authorization to use fuel reserves because the main tank is empty, only to be told by the tower that the reserves cannot be used because they need to be saved for an emergency. Scor observed that ?the currently applied European directives require insurance companies to constantly satisfy their capital requirements, independently of the current economic and financial situation?. Scor said that the world economy was currently ?going through one of the most severe crises of the modern age?, but that regulators were applying the same solvency requirements as if nothing had happened.
Source: Evandale, 15 February 2010
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Don't kill small (is beautiful)
Too small to die (Too large to fail !)
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La nature ayant horreur du vide, l'absence de réflexion politique sur le long terme a permis l'émergence d'une technocratie adepte de modèles mathématiques (cf. modèles de trading).
Outre que Solvabilité II ne constitue pas une bonne réponse aux vrais problèmes, elle témoigne d'un autisme certain des décideurs à l'égard des acteurs du secteur.
La question du traitement des petites mutuelles dans ce dispositif demeure, bien entendu, un point important du dispositif qui ... reste à étudier.
Sauf si, bien sûr, le tissu mutualiste de ce pays, déjà bien érodé par les imprudentes réformes passées, n'éveille toujours pas l'intérêt de vos éminences.
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French association of insurers (FFSA) has held a one full day seminar, 3third of december in PARIS, on the impact of Solvency II on the french market, click on the link on the right of this screen, to go to the FFSA video, each speaker speaks in his/her own language, for those who speak french, have a look at Helman Le Pas de Secheval, Groupama Financial Director who has an opinion fully in line with our members. do not hesitate to contact us, if you do not speak french and want to know more about it...Marie-Hélène Kennedy
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La prise de conscience d'une "hyperprécipitation" qui risque de prolonger la crise par la réglementation dans le monde de l'assurance se fait jour.
L'excellente intervention de Monsieur Le Pas de Sécheval dans l'enceinte de la FFSA montre toutes les dimensions dangereuses d'une réglementation bien trop théorique. Jean-François Allard
ICMIF Conference, Manchester 2011
Interview of Marie-Hélène KENNEDY, Chief Executive of ROAM
"The fith Mutual Insurance Conference", 2011
Interview of Olivier DESERT, President of ROAM
Marie Hélène Kennedy
General Delegate of R.O.A.M.
Click to view the video
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Site highlighting the dangers of Solvency II - Solvency II, a good question, but poor answers
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