Equivalence is on agenda for Frankfurt meeting
Last week Eiopa reported that Japan meets the criteria for equivalence assessment under Solvency II, but with certain caveats. Kunihisa Kawasaki describes the steps Japan has taken to update its risk-based capital insurance framework but says the country can't just "cut and paste" Solvency II.
Proposing a shift in the full implementation date of Solvency II to 2014 was by no means the only significant item in the draft report on Omnibus II from the Committee on Economic and Monetary Affairs, published on 27 July, as William Coatesworth and John McKenzie of Milliman explain.
Bermuda's bid for "equivalence" with Europe under Solvency II has generated regulatory moves that are similar to those in the directive. Ahead of the results of Eiopa's assessment of the island's insurance regime, Lorna Davies gauges opinion in Bermuda.
The Committee on Economic and Monetary Affairs of the European Parliament issued its draft report on the proposed Omnibus II on 27 July.
Seeks feedback on XBRL taxonomy
Small commercial insurers will be allowed them
Eiopa's insurance stress tests have come under fire, and with Solvency II still in development are they out of date already? Lorna Davies reports.
A delay to Solvency II appears inevitable, but there are competing views as to how this should be achieved. Michael Faulkner reports on the implications of a postponement.
But sector can cope with protracted low interest rates, says Eiopa