News
PRA details its power to fine actuaries
Less serious breaches to be sanctioned with public statement of misconduct
Solvency II equivalence "not as easy as once promised"
ABIR chief Bradley Kading criticises procedure
Allianz shuns Solvency II transitional measures
Dream-like capitalisation figures would be misleading, says CFO
Allianz's Solvency II capital marred by volatility
Capital surplus drops 11 points in fourth quarter after increasing until September
RSA chief hints at Solvency II diversification tussle
Don’t expect SII ratio disclosure until August, says Stephen Hester
Transamerica hires Consedine to head government affairs
Ex-Pennsylvania insurance commissioner joins industry
Revaluations hit Delta Lloyd's regulatory capital
Spike in discounted value of life liabilities offset by issuance of perpetual debt
Delta Lloyd poaches rival's chief risk officer
Just Retirement bulks up on annuity deals
UK to require pre-approval for six NED roles
Supervisory colleges ignoring non-internal model groups
Standard Life's regulatory surplus slumps
Commission sets timeline for Solvency II equivalence decisions
Australian insurers declare catastrophe following cyclone Marcia
US insurers gauge vulnerability to soaring rates
Aegon withholds capital in anticipation of Solvency II
Swiss Re restructures longevity deal costing $30m/year
Eagle lands at Guy Carpenter
Apra releases benchmarks for risk margin and diversification
Analysis
Low rates usher an era of 'new traditional' products
Austrian insurer Uniqa has replaced its traditional guaranteed product with a ‘new traditional’ product that comes with a 0% guarantee and bonus at maturity. It is just the latest insurer to adjust its product portfolio in response to the twin threats of low rates and Solvency II. Hugo Coelho reports
Tough battle ahead for global capital standards
The response of US state insurance regulators to the IAIS consultation on the insurance capital standard sheds light over hurdles on the way of a global compromise. Hugo Coelho reports
An alternative to the three lines of defence
Limitations to the 'three lines of defence' model of risk management have been exposed through its use in financial services businesses. Clive Martin, Paul Willman, Roy Boukens and Oliver Rockley suggest an alternative way of describing risk management responsibility.
Hong Kong: on the road to RBC
It is early days for the development of Hong Kong’s risk-based capital regime, but insurers already fear it will bring substantial changes to their businesses. Hugo Coelho reports
QE reveals the deception of the Solvency II curve
The Solvency II discount curve is masking the impact of tumbling interest rates and artificially increasing levels of available capital, but firms and supervisors are already seeking to gauge the true vulnerability of businesses. Hugo Coelho reports
Solvency II equivalence under threat
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Europe’s politicians are demanding a greater say in which countries can be deemed equivalent to Solvency II, amid fears that the European Commission is not moving fast enough with decisions that are crucial to insurers worldwide. Sarfraz Thind reports
South African insurers QIS goodbye to easy 2015
South Africa’s latest study on the impact of its new solvency regime yielded some worrying results for re/insurers. Christopher Cundy talks to the regulator and market watchers to see what it means for the sector
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External papers
Free expert paper: XBRL Generation, as easy as a database
The need for transparency and control of financial institutions is constantly increasing. This is particularly true for Solvency II regulations...
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Market Insight
Don't pigeonhole a CRO
Carsten Hoffmann, a director at Towers Watson, explains why tomorrow’s chief risk officers must be more engaged with the actual business and prove their worth as strategic advisers, rather than just worrying about risk frameworks and regulatory compliance.