News
Accelerating Solvency II reporting deadlines "not realistic"
Insurance Europe calls for concessions from Eiopa
One quarter of UK insurers could fail on pillar 3
Granularity of Solvency II data requirements is the major hurdle, survey shows
Lindeen ready to battle global capital standards
NAIC president cautions against covered agreement with EU
Aviva to begin Solvency II with partial internal model
Friends Life and smaller companies to start on standard formula
ECB reporting add-ons revealed in unofficial templates
European Central Bank amends draft Solvency II QRTs
Bermuda asks Europe: do you want to be friends?
BMA’s Jeremy Cox says trust is lacking, despite efforts to comply with Solvency II
Sun Life claims first Canadian longevity swap
Insurer takes on C$5bn of pension fund liabilities and buys reinsurance from Scor and RGA
PRA warns insurers on fossil fuel assets
Deputy head Fisher says insurers could be hit by policy changes
PRA collects data to gauge impact of Solvency II adjusters
O'Brien aims high for RPC's new insurance consultancy
Flawed volatility adjustment portfolio hurts UK insurers
Eiopa sticks to "exaggerated" Solvency II discount rate
Berkshire Hathaway's insurance profits dip
Australian cyclone losses hit A$83.5m
PRA details its power to fine actuaries
Solvency II equivalence "not as easy as once promised"
Allianz shuns Solvency II transitional measures
Allianz's Solvency II capital marred by volatility
RSA chief hints at Solvency II diversification tussle
Transamerica hires Consedine to head government affairs
Analysis
Emerging risk steps out of the shadows
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
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
.jpg)
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
-
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.