Archive

  • The rise and fall of valuation methodologies

    31 August 2017

    The arrival of Solvency II and revised guidance on embedded value methodologies has led to changes in the financial metrics that European insurers report – and not all of them are welcome. David Walker reports

  • Yes, no, maybe: the PRA responds to industry's Solvency II reform agenda

    17 March 2017

    The UK regulator has made a point-by-point reply to the Association of British Insurers' agenda for Solvency II reforms and confirmed its priority to review the reporting requirements. Christopher Cundy reports

  • Deferred tax continues to complicate SII ratios

    09 March 2017

    Changing requirements from regulators over the loss absorbing-capacity of deferred tax means insurers' Solvency II capital will remain at the mercy of this complex, opaque and inconsistent factor

  • Extracting more value from the GI reserving process

    29 September 2016

    Insurers relying on stochastic modelling to estimate reserve uncertainty could take a leap forward in managing their reserve risk, as Jeff Courchene explains

  • UK firms split on interest rate hedging strategy

    01 September 2016

    L&G has put its economic view on the pedestal, moving away from its rivals and challenging analysts who take Solvency II figures more seriously. Callum Tanner reports

  • L'exception française?

    02 August 2016

    The French government is proposing to exempt supplementary pension products from Solvency II capital requirements, a seismic change that will give the sector much needed relief. Hugo Coelho reports

  • NAIC meeting roundup: PBR in the pocket, cyber in a mess

    15 April 2016

    State insurance commissioners have taken stock of their efforts to steal a march on federal authorities during their spring get together in New Orleans. Hugo Coelho reports

  • Low yield curves and the move to absolute/normal volatilities

    14 April 2016

    Low and negative yield curves pose a major challenge to insurers using Black's formula for interest rate option pricing. Nick Jessop lays out the considerations for a move to absolute/normal volatilities

  • Germany hits the brakes on its €32bn ZZR

    04 February 2016

    The ballooning level of additional interest rate reserves has prompted reforms to the rules, but few insurers took advantage in 2015. Hugo Coelho reports

  • The future of appraisal valuations

    31 March 2015

    The contents of actuarial appraisal valuations in M&A situations are set to evolve with the arrival of Solvency II and updated accounting standards. Fergal O'Shea discusses the likely changes and considers how the appraisal reports will remain relevant.