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

News

Two-thirds increase in German life run-off expected: Fitch

Firms to manage back-books internally in short term but many expected to transfer in next five years

Conflicts of interest found in Eiopa's unit-linked review

Further regulation aside from Priips and IDD may be introduced, warns Bernardino

"Robo life insurance" products to launch in UK this year

Fintech startup Certua will identify risk exposure throughout customer’s lifespan

UK election "no disaster" for Ogden rate reform - ABI chief

Huw Evans dismisses fears that general election will harm efforts to reform insurance legislation

Andrew Tyrie to stand down from parliament

Chair of Treasury Select Committee open to new MP

Analysis

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

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

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

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

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

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Turning liability into opportunity

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

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