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

News

IFRS 17 "ripe for judicial review", says UK peer

Sharon Bowles continues to attack UKEB/FRC over secret discussions and audit reforms

Eiopa warns insurers to better prepare for physical climate risks

The authority has assessed property insurers' exposure to climate change

Audit actuaries need to be more sceptical, says FRC

Regulator finds cases where some audit actuaries "were not as effective as they needed to be"

Eiopa issues rare warning to Slovakia's regulator over Solvency II breach

NBS given formal recommendation to improve its supervision of one insurer

Balance is key for AI supervision in insurance, says BaFin

Frank Grund says additional requirements are only appropriate if there are additional risks

"Much work" remains on UK Solvency II reform, warns Amanda Blanc

Aviva says material issues remain in improving matching adjustment

Allianz GI barred from US after "massive fraudulent" Structured Alpha scheme

Asset manager transfers $120bn assets to Voya IM, pays $6bn in fraud case

UK officially approves IFRS 17

UKEB raises broader concerns with annuity profits recognition and calls for a more in-depth review

Disclose IFRS 17 impacts mid-year, Esma urges insurers

The authority published its disclosure recommendations for EU insurers

Ukraine's insurers urge regulatory "Marshall plan" to survive war

Proposals include IFRS 17 delay and softening regulatory requirements

GFIA ends Russian insurers' membership

Decision comes two months after Insurance Europe ended its partnership with Russian insurers

UK insurers stalling on IFRS 17 disclosure

Grant Thornton analysis of 2021 reports finds little information beyond project progress

UKEB votes in favour of IFRS 17 adoption

UKEB's assessment of the true and fair principle on IFRS 17 continues to be challenged

S&P winds back on some insurance capital rating proposals

Agency responds to concerns on new rating model

Bermuda Monetary Authority appoints Ricardo Garcia as managing director

The supervision of insurance will be one of his areas of responsibility

Analysis

Insurers go back to basics in biodiversity underwriting push

The loss of the biodiversity has been identified as one of the world's most severe risks, but insurers are only just beginning to get to grips with it. Paul Walsh reports

Insurers happy with UK's Solvency II plans, but capital savings remain uncertain

The government has grabbed positive headlines with its proposals to reform Solvency II, but the industry is cautious about the how they will pan out. Cintia Cheong reports

The US climate split

The knives are out on what US insurers need reveal about their climate-related exposures. Sarfraz Thind reports

PIC's Giles Fairhead: traditional risks are colliding with global events

Paul Walsh sits down with PIC's CRO Giles Fairhead to reflect on today's heightened risk environment, the post-pandemic work culture and two crucial regulatory reforms for the UK's pension insurers

C-Ross Phase II: risk-based capital with social characteristics

The overhaul of China's prudential rules has introduced adjustments that allow regulatory influence over how insurers underwrite and invest - with the objective of producing a social good, as David Walker reports

Kick-off for Spain's life consolidation sector

On the eve of MedVida's first acquisition of a legacy life book, chief financial officer Guy Horton speaks to David Walker about pioneering a market in Iberia