CIO should have important role in Solvency II, says Deloitte
The case against the banks is pretty damning, given the financial crisis. But insurers? As regulators fret over who and what causes systemic risk, the insurance industry is on the defensive. Jessica Baylis sifts through the arguments over its systemic relevance.
Under new CRO Carl Groth, the framework is being closely integrated with the business and risk analytics are seen as an important driver that gives the company a competitive advantage.
Report outlines differences in capital adequacy methodologies
Insurance legislation drives up 2010/11 budget
E&Y identifies the most significant challenges for the industry in 2010
FSA move means firms will see two major overhauls by 2012, says law firm RPC
The company's director of group solvency, Teddy Nyahasha, explains Aviva's goal of a collective group view of risk, the value of dialogue with continental European regulators and the lessons learned from the ICAS regime. Interview by Jessica Baylis
There are disappointments for the industry on some issues, and decisions on other points have been deferred in the final advice on the Solvency II level 2 implementing measures. Here's a shortened version of Towers Watson's guide to the advice.
The process laid out in the 81 pages of CEIOPS guidance requires reams of information from insurers and lengthy dialogue with the supervisors, as Towers Watson explains.