207

Lloyd's finally gears up for Solvency II

It's full steam ahead to implementation of Solvency II in 2012 but questions remain about how this will affect the special status of Lloyd's of London. Helen Yates reports.

204

European Parliament votes for Solvency II

The tortuous approval process is nearly over

196

More power for CROs, less for rating agencies, urges CRO Forum

The high-level group sets out the lessons it draws from the financial crisis

195

Eberhard Mueller's dual view of risk at Hannover Re

Being both CRO and chief actuary gives him a stronger grip on the firm's risk management than most of his peers. He describes his role and his approach to Jessica Baylis.

182

Analysing the CEIOPS consultation papers

CEIOPS produced a veritable library of material on 26 March: 12 papers covering internal models, governance systems, technical provisions, valuation of assets and many other issues. These papers form the first set of draft formal advice on Solvency II level 2 implementing measures for consultation. Watson Wyatt guides us through them.

181

How big a test will the ORSA be?

For firms preparing for Solvency II, there's no let-up. If they thought modelling issues were one of the most challenging aspects of the directive, they're now beginning to worry seriously about another part of Solvency II, the own risk and solvency assessment (ORSA). There has been little information and little guidance from the authorities on ORSA and that has only fuelled concern about how much of a burden it will create for firms complying with it.

180

CEIOPS releases 12 consultation papers

They form the first stage of the Level 2 implementing measures

179

More details emerge of compromise on Solvency II

The path to final approval becomes much clearer

178

At last, a Solvency II compromise is agreed

But group support is at least several years away

176

Solvency II deal close but without group support

The trialogue seems to have hammered out a deal of sorts