Regulation Solvency II, Risk-based capital, Accounting/Tax

Analysis

A modular approach to the ORSA

A modular approach to the ORSA

An insurer's ORSA can be constructed from three modules, the risk profile, the prospective solvency and the ORSA governance and firm's ERM. The exercise may be costly but firms will benefit both internally and externally, argues a Willis Re report, excerpted here

NAIC: "If we respect the differences, we can make this work"

On a visit to London, the NAIC top brass make it clear where they stand on equivalence. "We are not adopting Solvency II and Europe is not adopting the US system and that is okay," says Kevin McCarty, NAIC president. The key issue is making it easy for transatlantic firms to do business, stresses his colleague, CEO Terri Vaughan, in the interview with InsuranceERM

Hybrid debt market crimped by Solvency II uncertainties

Hybrid debt market crimped by Solvency II uncertainties

Insurers sold four times as much hybrid debt last year as in 2010, and this year has already seen three sizeable deals. But issues of hybrid debt remain constrained by uncertainty over the Solvency II tier 1 capital definitions, as Sarfraz Thind explains

Solvency II extra year is vital for Spain

Solvency II extra year is vital for Spain

Many in Spain's insurance industry are struggling to keep up the momentum needed to be ready for the onerous demands of Solvency II. So both regulators and insurers in Spain seem to be grateful to have at least an extra year to prepare for implementation of the directive, as Lorna Davies reports

French insurers shy away from internal models

French insurers shy away from internal models

Only a handful of firms will be ready to implement an internal model and the whole French market is struggling to prepare for Solvency II, with mutuals particularly badly hit by the proposed new regulations. Sarfraz Thind reports

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