Monetary easing in both markets will lower returns
USPs should be attractive for many insurers in Europe, but some experts say regulators need to make the rules more flexible and clarify a number of points. Eiopa instead is delaying an expected consultation on the subject.
Insurers are facing challenges on both sides of the balance sheet from the market environment and regulatory change. New approaches are needed but there are pitfalls. Helen Yates explains
Regulatory change and the proliferation of guarantee products have driven the development of a range of economic scenario generators (ESGs). Here's a detailed look at the different approaches of 11 such models, based on responses from their producers and providers to an InsuranceERM questionnaire.
Only 46% of insurers are confident the industry will meet Solvency II deadline, down from 63% in 2010
But, says Deloitte, insurers need to act now to win all the battles
Otherwise, they won't ask the right critical questions, argues Andrew Smith
Internal models for Solvency II should be fully embedded in the business but official guidance on this is quite vague, says John Ferry