Solvency II ORSA, QIS5, IMAP, Omnibus II, EIOPA

News

Pricing and cost reduction are top risks facing Lloyd's CROs

Most top risks are operational rather than macro

Diversification for the sake of Solvency II capital benefit is "utter rubbish", says Lloyd's CEO

John Neal says syndicates have responsibility to be profitable

Three ways capital modelling is evolving

Conning’s Daniel Finn discusses the prospects for insurers’ capital and economic modelling practices

FRC begins review into equity-release mortgage accounting

Action follows Prudential Regulation Authority’s reforms on regulatory approach

Scor reveals tech-enabled growth plans in "Quantum Leap" strategy

The €250m plan involves transition to IFRS 17 and accelerates the group's use of technology

Chesnara's capital requirements climb after swing in SII equity adjustment

UK life and pensions group also adopts volatility adjustment as markets get choppy

French insurers urged to explain risk and solvency ratio calculations

The ACPR’s 2018 annual report calls for improvement

Brexit produces 'eye-catching' insurance solvency figures

Insurance Risk Data unearths some striking metrics from UK insurance players fearing a ‘hard Brexit’

Credit spread movement hits Aegon's Dutch Solvency II ratio

Ratio drops from 190% to 152% year-on-year

Aviva pledges Asian business review amid mixed H1 results

Rumours circulated last week Aviva was looking to sell its Asian business

Analysis

Solvency II, IFRS 17, local GAAP, Basel IV... where is the consistency?

For the health of the financial sector and for the good of European citizens, accounting and solvency regimes for insurance and banking must be aligned around the same valuation concept, argue Serge Moulin, Giulio Terzariol and Carsten Zielke

Solvency II's biggest unintended consequences

In part two of a Q&A to accompany the launch of his book on Solvency II, Karel Van Hulle discusses the impact of the directive, and how the insurance sector should prepare for sustainability, Brexit and new technologies

In the Spotlight: Gefion Insurance

The Danish motor insurer is latest to require remedial action by regulator Finanstilsynet after deficiencies were identified in its capital and risk management practices. David Walker reports

What's next for the MA and VA?

More than €100bn of capital relief is provided by Solvency II's matching and volatility adjustments, but they are far from uncontroversial. As the European Commission begins to consider reforms, Christopher Cundy reports on the problems and possible solutions

Questioning the value of IFRS 17

Irish insurance chief risk officers have expressed scepticism about the benefits of IFRS 17 and fear the principles-based nature of the insurance accounting standard will hamper consistency. Ronan McCaughey explains

Romania's insurance sector: motoring on

Motor business has dominated Romania's insurance market, but firms are taking steps to diversify their books, as well as cope with a raft of regulations and capitalise on new technology. Paul Walsh reports from Bucharest