Solvency II
Insurance Risk Solvency II Solutions Guide 2012/13
Solvency II is driving the biggest shake-up of the European insurance industry for decades and its impact is being felt across the globe. Insurers are relying on technology to help them meet their obligations under the new regime, from measuring risk and…
Insurers wrestle with Solvency II internal model change policies
Supervisors say existing guidance has yet to be tested and may not work
Commission targets January start for long-term guarantees assessment
Concerns political argeement on terms of reference may not be imminent
Phase-in of Solvency II a threat to level playing field, warn insurers
Eiopa chairman's proposals 'a step backwards' in creating European solvency framework
New own funds specifications add capital restrictions
New technical specifications on Solvency II’s capital requirements make some significant changes to the way insurers calculate their own funds, but they also leave some unanswered questions. Louie Woodall reports
Sponsored feature: Northern Trust
A low-yield environment and regulatory requirements have increased the cost of doing business. Faced with these pressures, Northern Trust expects to see European insurers use asset pooling and tax-transparent fund vehicles in their investment businesses…
Model behaviour: supervisors grapple with internal model approval
With regulators struggling to get comfortable with insurers’ internal models, and with the memory of the subprime crisis still lingering, the question of how to ensure that the models are robust is worrying supervisors. Blake Evans-Pritchard reports
Risk governance and reporting elements of Solvency II should be implemented early - Bernardino
Eiopa chairman says it is time to 'move on' with Solvency II as lack of certainty is threatening EU's credibility
Calls for Eiopa to clarify non-life cat SCR technical specifications
Specifications unclear on premium volume definition for risk-factor calculation, say actuaries
Insurers hope for agreement tomorrow on long-term guarantees assessment
Insurers concerned that assessment could overlap full-year reporting as debate over matching adjustment continues to delay impact test
Norwegian regulator to ease internal model timetable in wake of Solvency II delays
French regulator also considering adjusting pre-approval schedule
Loss-absorption proposals for systemically important insurers flawed
IAIS proposals will encourage regulatory arbitrage due to lack of global capital standard,experts warn
Asia Risk Congress: LCR drives expanding regional liquidity swap market
Insurers providing liquidity swaps to banks is a growing trend in Asia
Harmonisation continues to tax European policymakers
As regulators grapple with the requirements of Solvency II, finding a consistency in supervision for all countries was never going to be easy. Thomas Whittaker reports on the challenges member countries face and the efforts to find harmony across the…
Move to swaps discounting presents ALM challenges for with-profits funds
The move to discounting liabilities using swap rates under Solvency II will present challenges for UK with-profits funds that have been used to matching cashflows using gilts. Against the backdrop of a volatile swap spread, insurers will need to adapt…
FSA proposals to ease Icas modelling burden raise questions over inclusion of Solvency II risk margin
Suggestions that regulator is already beginning to apply Solvency II assumptions to capital calculations
Testing to destruction
Reverse stress testing is set to become standard practice under Solvency II as part of the validation process for internal models, yet for most European insurers such tests are a new concept. Clive Davidson examines what can be learned from the UK, where…
EU elections could derail Solvency II development, warn insurers
Solvency II must be completed this parliamentary term, insists Econ chair Sharon Bowles
Insurers welcome Eiopa’s review of capital charges on infrastructure and securitisations
Standard formula is too harsh and fails to reflect real risk of long-term finance, say insurers
Webinar: Taking control of workflow for effective risk governance
By harnessing workflow insurers can develop a more robust enterprise-wide risk management framework. This webinar, in conjunction with Second Floor, brings together industry experts to examine how to achieve this
Insurers 'must understand risk on non-traditional assets'
Modelling and regulatory impact of new asset classes must be considered in search for higher yield
Insurers assess partial models to reflect risk profile
Partial internal models are likely to play an important role in many firms’ Solvency II capital calculations, as they look for ways to make the standard formula better reflect their risk profile. Blake Evans-Pritchard looks at how the models are being…
Data challenges for cat risk ‘threatens standard formula usage’
Lack of data could force insurers with non-standard catastrophe risks to use internal model, warns Insurance Europe