Regulation/supervision

News/comment

France gets new super-regulator

09 March 2010

Insurance veteran is appointed its vice-president

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Liquidity premium report is a step forward, says Towers Watson

05 March 2010

But the price of annuities is still likely to rise

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Task force report details liquidity premium choices

04 March 2010

Main points highlighted by CEIOPS’ group on the liquidity/illiquidity premium issue

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Liquidity premium report is “positive”, says ABI

03 March 2010

Liquidity premium report is “positive”, says ABIIndustry gives cautious praise for key annuity development

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Insurance CEOs enter systemic risk debate

26 February 2010

Insurance CEOs enter systemic risk debateWe don’t pose a risk to financial stability, Geneva Association insists

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Aegon makes key Solvency II appointment

25 February 2010

UK CRO promoted

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“Train, don’t hire, for internal models”

25 February 2010

“Train, don’t hire, for internal models”Towers Watson gives advice for pre-pre-application phase

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Survey shows large gaps in Solvency II preparation

24 February 2010

Survey shows large gaps in Solvency II preparationPre-application process will be “exacting”, FSA warns

Analysis

How Solvency II impacts risk calibration

04 March 2010

For those companies interested in developing a partial or full internal model, a proper understanding of article 101 and its consequences for model architecture and calibration-related issues is crucial, explain Marc Beckers and Jürgen Wielandts

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Do insurers pose a systemic risk?

18 February 2010

Do insurers pose a systemic risk?The case against the banks is pretty damning, given the financial crisis. But insurers? As regulators fret over who and what causes systemic risk, the insurance industry is on the defensive. Jessica Baylis sifts through the arguments over its systemic relevance.

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Torus builds its risk management framework

18 February 2010

Torus builds its risk management frameworkUnder new CRO Carl Groth, the framework is being closely integrated with the business and risk analytics are seen as an important driver that gives the company a competitive advantage.

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Aviva covers all the angles on Solvency II

09 February 2010

Aviva covers all the angles on Solvency IIThe company’s director of group solvency, Teddy Nyahasha, explains Aviva’s goal of a collective group view of risk, the value of dialogue with continental European regulators and the lessons learned from the ICAS regime. Interview by Jessica Baylis

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CEIOPS’ final advice sets tone for QIS5

09 February 2010

There are disappointments for the industry on some issues, and decisions on other points have been deferred in the final advice on the Solvency II level 2 implementing measures. Here’s a shortened version of Towers Watson’s guide to the advice.

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Pre-application for internal models will be challenging

03 February 2010

The process laid out in the 81 pages of CEIOPS guidance requires reams of information from insurers and lengthy dialogue with the supervisors, as Towers Watson explains.

Opinion

Opportunities abound for actuaries who relish challenge

25 January 2010

Those with risk and capital management skills will be most in demand, and the trend from technical to business actuary will also gather pace, says Chris Cannon

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Insurance regulation will stay lighter-touch than the banks’

19 January 2010

Insurance regulation will stay lighter-touch than the banks’Insurers came through the financial crisis relatively unscathed and don’t pose systemic or liquidity risks, argue Jonathan Hekster and Toby Langley

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Assess the business impact of Solvency II now

04 November 2009

Assess the business impact of Solvency II nowAlso establish the ground rules with regulators, define the risk-measurement architecture and allocate ownership within the company as part of your Solvency II programme. This is the advice of Lukas Ziewer of Oliver Wyman

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