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News

Australian cyclone losses hit A$83.5m

More than 13,500 claims in week since disaster

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

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

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

  • 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...

  • 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.

Weekly highlights