Archive

  • IFRS 17 compliance: a task comparable with Solvency II?

    18 May 2017

    IFRS 17 has been described as a "landmark shift" in insurer accounting and some are saying that implementation could require more work than was needed for Solvency II. InsuranceERM gets the lowdown from the industry on what it means for the sector

  • How are P&C actuarial functions coping with Solvency II?

    16 May 2017

    With more than a year's experience of Solvency II, actuaries in property and casualty firms are implementing some of the requirements well – and others not so well – as Sanjiv Chandaria explains to Christopher Cundy

  • Solvency II equivalence on the Isle of Man - a bear necessity?

    26 April 2017

    Allan Christian explains how updates to the Isle of Man's insurance regulatory regime have become intertwined with efforts to gain Solvency II equivalency

  • European insurers hold out hope on UK market access

    13 April 2017

    With article 50 triggered, insurers in the UK and EEA wait with bated breath for news on what will replace passporting. Although the EU looks set to take a tough line on access to the single market for the UK, pressure is mounting on the UK government to avoid retaliation. Callum Tanner reports

  • European insurers prepare for UFR change pain

    06 April 2017

    Cutting the ultimate forward rate to about 3.65% over the next five years will drag down European insurers' solvency ratios as the pain of low rates feeds into long-term discounting. The big question now is whether MEPs, the Commission and German industry will work together to block Eiopa's methodology. Callum Tanner reports

  • View from the Top: The CRO and risk team of the future

    04 April 2017

    The skills of an effective risk function have evolved over the past decades due to regulatory change and financial innovation. Looking forward, the role of risk once again sits on the brink of uncertain development driven not only by regulatory change but also the threat of digital disruption, as Tom Wilson explains

  • Turning liability into opportunity

    28 March 2017

    There is growing evidence that exposure to phthalates has serious health impacts. Excluding phthalates from insurance contracts might be the natural response, but modelling the exposure could allow firms to see the risk as a business opportunity rather than a threat, as Praedicat chief executive Robert Reville tells Callum Tanner

  • 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

  • PRA fights back with Solvency II defence

    23 February 2017

    Aviva and L&G chief executives have exaggerated the problems with Solvency II, according to PRA chief Sam Woods. Given more freedom outside the EU, the UK regulator is unlikely to make sweeping changes. Callum Tanner reports