Stress testing practices in risk management - Empirical evidence from the Finnish banking and insurance sectors

The main purpose of this study was to analyze how stress tests are used in risk management in the Finnish banking and insurance sectors. In order to enhance understanding of the topic, stress testing was explored in the context of corporate governance and regulato-ry implications of Basel II and Solvency II on stress testing were examined. In addition, the effects of the global financial crisis on stress testing were mapped and the differences in stress testing practices between the banking and insurance sector were discussed. The research method was qualitative case study and it was conducted by interviewing risk managers from ten institutions and a representative from FIN-FSA. Findings pointed out that stress testing practices vary significantly between different institutions. Interesting observations were made in terms of stress testing practices in the banking and insurance sectors. The increasing importance and use of stress tests were recognized as a result of the financial crisis. Stress testing was even considered more like art than science given the amount of challenges it involves. In general, improvements in stress tests were suggested, with an emphasis on stress concentration between different types of risks.

IT service catalog : a case study of the implementation need in a Pan-Nordic Insurance Company

IT service catalog is an increasingly important issue as many IT organizations have been realizing it as a central communication and visualization tool to bridge the gap between IT and the business. This study reviews relevant literature on IT service catalog and related issues on IT services delivery. Furthermore, the study shows how IT service catalog can enhance IT effectiveness as well as provide more benefits when integrating with Configuration Management Database. In order to analyze whether IT service catalog is needed to be implemented in a Pan-Nordic Insurance Company, this study also investigates the current IT services delivery of a case study. The findings of the study show the problems in the current situation of IT services delivery in the case. The characteristics of IT service catalog are recommended in order to help with the mentioned flaws.

Configuration management process improvement : a case study of a Pan-Nordic insurance company

Configuration management is often seen as an enabler for the main IT Service Management (ITSM) processes such as Incident and Problem management. A decent level of quality of IT configuration data is required in order to carry out routines of these processes. This case study examines the state of configuration management in a multinational organization and aims at identification of methods for its improvement. The author has stayed five months with this company in order to collect different sources of evidence and to make observations. The main source of data for this study is interviews with some of the key employees of the assigned organization who are involved into the ITSM processes. This study concludes the maturity level of the existing configuration management process to be repeatable but intuitive, and outlines the principal requirements for its improvement. A match between the requirements identified in the organization and the requirements stated in the ISO/IEC 20000 standard indicates the possibility of adopting ITIL guidelines as a method for configuration management process improvement. The outcome of the study presents a set of recommendations for improvement that considers the process, the information model and the information system for configuration management in the case organization.

[Automobile à 3 roues] : [photographie de presse] / [Agence Rol]

Référence bibliographique : Rol, 58397

Monaco, [avril] 1920, [le pilote ou le constructeur de canot automobile Victor] Despujols : [photographie de presse] / [Agence Rol]

Référence bibliographique : Rol, 58817

Monaco, [avril] 1920, [le canot automobile] Sunbeam Despujols II : [photographie de presse] / [Agence Rol]

Référence bibliographique : Rol, 58850

Monaco, [avril] 1920, [le canot automobile] Sunbeam Despujols I : [photographie de presse] / [Agence Rol]

Référence bibliographique : Rol, 58852

Monaco, [avril] 1920, [le canot automobile] Sunbeam Despujols I : [photographie de presse] / [Agence Rol]

Référence bibliographique : Rol, 58856

[Monaco, avril 1920, le canot automobile] Sunbeam Despujols I : [photographie de presse] / [Agence Rol]

Référence bibliographique : Rol, 58858

Monaco, [avril] 1920, [le canot automobile] Vicuna IV : [photographie de presse] / [Agence Rol]

Référence bibliographique : Rol, 58884

Monaco, [avril] 1920, [le canot automobile] Sunbeam Despujols II : [photographie de presse] / [Agence Rol]

Référence bibliographique : Rol, 58889