Insurance Europe calls for concessions from Eiopa
Granularity of Solvency II data requirements is the major hurdle, survey shows
NAIC president cautions against covered agreement with EU
Friends Life and smaller companies to start on standard formula
European Central Bank amends draft Solvency II QRTs
BMA’s Jeremy Cox says trust is lacking, despite efforts to comply with Solvency II
Insurer takes on C$5bn of pension fund liabilities and buys reinsurance from Scor and RGA
Deputy head Fisher says insurers could be hit by policy changes
Insurers are gradually dispelling the scepticism around the subject of emerging risk, and are getting better at considering the potential impacts and opportunities, according to Oric International. Christopher Cundy reports
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
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
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.
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
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
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
The need for transparency and control of financial institutions is constantly increasing. This is particularly true for Solvency II regulations...
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.