1068

Insurers unlikely to be categorized as SIFIs

Turner says insurers aren't systemically similar to banks

1067

EIOPA seeks chairperson and executive director

CEIOPS formally announces EIOPA recruitment process

1062

QIS5 windstorm scenario losses calculated

PERILS publishes scenario losses for nine markets

1061

Models have not adapted enough

A Joint Forum report says firms using models may not fully understand the risks they face, including tail risks

1057

FSB agrees to reduce reliance on rating agencies

Urges market participants to make their own credit assessments

1056

EIOPA will look at SII transitional measures

But these shouldn't delay implementation, says CEIOPS' chairman

1051

CEIOPS issues updated QIS5 Q&As

Response to points raised by participants and supervisors

1052

Insurance regulators face staffing crisis

IUA warns of threat to reform of financial regulation

1047

Outstanding issues could yet have big impact on Solvency II

Although implementation of Solvency II is only just over two years away, many issues still have to be resolved which could significantly change the impact of the directive. Jon Hocking and Farooq Hanif of Morgan Stanley and Lukas Ziewer and Astrid Jaekel of Oliver Wyman highlight the issues and explain the uncertainties around them.

1045

Working group on non-life SCR calibration set up

CEIOPS issues call for data