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

Analysis

Insurers split on recovery and resolution planning

As the IAIS looks to develop a market-wide approach to systemic risk, Eiopa is developing rules that will require recovery and resolution plans from all insurers regardless of their size. This broader approach to systemic risk has split industry opinion and pitted large firms against small. Callum Tanner reports

PRA fights back with Solvency II defence

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

NAIC digs its claws into EU-US covered agreement

A Congressional hearing has given opponents of the covered agreement the opportunity to argue for its renegotiation under the Trump administration. Christopher Cundy 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