We also work closely with EMB’s other international offices and provide high quality, cost-effective actuarial support for global clients.
Vikas Newatia, Managing Director, EMB India
The waking giant
Since 2000, Indian non-life insurance has grown at a rate of approximately 15% p.a., driven by the country’s dramatic economic growth. Between 2002-3 and 2006-7 even the states sector’s premium income increased by a third, whilst the private companies grew by nearly 400%. Despite this tremendous progress, the industry has only started to tap India’s almost limitless potential. More
EMB releases new EMB Igloo Compact Edition
Igloo Compact Edition (ICE) is aimed at companies who want to start capital modelling in a small way but who may need to expand models later. ICE helps companies looking to initiate a risk model or to take the first step up from spreadsheet-based systems to a full integrated model. It includes a range of standard library modules for applications such as capital allocation, claims modelling, reserving, operational risk, and financial reporting, all of which can be tailored to an individual company’s needs. More
Global regulation steers towards quality
Indian observers of the world insurance market will be aware that, if all goes to plan, thirty European countries will be united in 2012 by a single set of rules, known as Solvency II, governing what constitutes an acceptable level of insurer creditworthiness. Europe’s ambition, both in terms of scale and scope, is acting as a catalyst, spurring regulators in other jurisdictions to review their supervisory policies. More
EMB opens new office in Spain
EMB has continued its global expansion with the opening of an office in Madrid to service the Spanish and Portuguese markets. This will be headed up by Oscar Huerta…more