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Capital Capital Management, Models, Reinsurance, Capital Markets, Derivatives

Analysis

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

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

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

UK insurers' legal challenge on risk margin scuppered by regulator

Legal advice commissioned by British insurers suggested that a future management action could allow firms to significantly reduce the risk margin even while the UK regulator remains bound to EU law. So far that advice has fallen on deaf ears. Callum Tanner reports

Lloyd's responds to backlash over internal model change

Proposals to alter Lloyd's policy on internal model change have been rejected by managing agents and the corporation is scrambling to respond. Christopher Cundy reports

The PRA's plan for a market-turning event

Supervisors are ready to help insurers understand how the new regulatory environment will respond in the event of an unprecedented major catastrophe, as explains Chris Moulder, director of general insurance at the Bank of England

UK insurers emphasise post-Brexit opportunity

Senior management from Lloyd’s, L&G, Prudential and the ABI have presented evidence to the Treasury Select Committee. With a hard Brexit now on the horizon most firms have given up on retaining single market access and are instead focusing on the benefits of changing Solvency II. Callum Tanner reports