Regulation Solvency II, Risk-based capital, Accounting/Tax

News

Eiopa consults on including climate reporting in Solvency II

EU insurance authority reveals package of proposals for updating QRTs

European insurers back carve out for IFRS 17

Insurance Europe reacts to ARC vote to endorse standard with optional carve out

RNA Analytics to launch SaaS actuarial tool

Includes functions for compliance with IFRS 17 and other regulations

People moves: AIG Life, Liberty Mutual Re, Arch Re, BMA

InsuranceERM rounds up the latest risk-related people moves in the insurance industry

Get your software listed in InsuranceERM's 2021-22 Technology Guide

A basic listing is free of charge. The deadline for entries is Friday 6 August

UK should produce guidance for IFRS 17 CSM allocation

UK Endorsement Board encourages insurance industry to collaborate

Irish insurance regulator proposes ban on "price walking"

The CBI wants to end the loyalty penalty for home and motor insurance customers in Ireland

PRA launches impact study for Solvency II review

The QIS aims to collect data to model different options and potential policy outcomes

Be prepared to tailor Orsa for Covid-19, Eiopa tells insurers

The authority has published its supervisory statement on the issue

EU tables IFRS 17 carve out for annual cohorts - UPDATED

European Commission's first stage of endorsement is completed

Analysis

Insurers struggle to explain LDTI volatility to stakeholders

From communication to interpretation, experts discussed their challenges with implementing the incoming US life insurance accounting standard at last week's webinar. Cintia Cheong reports

Insurers face "carrot or stick" decisions on climate change

Underwriters' response to climate change in their day-to-day business has become a major bone of contention and is often boiling down to a debate over whether the focus should be on incentives or punishments. Paul Walsh reports

US climate risk: towards global alignment?

The US response to climate change has been complicated by inconsistent disclosure, muddled models and divergent state standards. Now the federal government is beginning to act, is the country's insurance sector ready to step up? Sarfraz Thind reports

"LDTI will drive income volatility"

Cintia Cheong talks to experts about why reforms to US insurance accounting standards will cause income volatility and whether adopting the standard early can bring any benefits

The alternative in life

Luca Tres has been a pioneer in the development of the life ILS markets. As he begins a new role at Guy Carpenter, he talks to Christopher Cundy about the past and future at the intersection of re/insurance and capital markets

Country profile: Spain

Paul Walsh talks to Spain's insurers about their priorities for reforming Solvency II's matching and volatility adjustment, the impact of low interest rates and Covid-19, and how technology is changing the market