Wolters Kluwer: Risk Management For Solvency II And Beyond: A Survey Of Some Recent Methods

There is a long list of observed failures in risk management of banks, insurances and corporate firms, which have occurred during or outside financial crises times. A plethora of analyses and lessons learnt from them have been
published, among others Kimball(2000), IAA(2003), Blankfein(2009), Varma(2009) and CEIOPS(2009). With the emergence of a risk management science, several academic responses to Basel II and Solvency II have appeared (e.g. Danielsson et al.(2001), Dhaene et al.(2008)) and