This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. Find out more here

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

Analysis

Yes, no, maybe: the PRA responds to industry's Solvency II reform agenda

The UK regulator has made a point-by-point reply to the Association of British Insurers' agenda for Solvency II reforms and confirmed its priority to review the reporting requirements. Christopher Cundy reports

Deferred tax continues to complicate SII ratios

Changing requirements from regulators over the loss absorbing-capacity of deferred tax means insurers' Solvency II capital will remain at the mercy of this complex, opaque and inconsistent factor

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

UK insurers' legal challenge on risk margin scuppered by regulator

Legal advice commissioned by British insurers suggested that a future management action could allow firms to significantly reduce the risk margin even while the UK regulator remains bound to EU law. So far that advice has fallen on deaf ears. Callum Tanner 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