FSA responds to Omnibus II delay

Is "considering implications" for UK implementation


Delay of Omnibus II vote to March 2013 confirmed

Deferral of Solvency II now "inevitable"


Bowles worries that Omnibus II will fall apart

Sharon Bowles wants to be the first female governor of the Bank of England but right now her key role in the European Parliament means she's still grappling with Omnibus II issues. If the current impact assessment on long-term guarantee products doesn't resolve the European impasse, the already-delayed directive could fall apart, she tells Lorna Davies


Low yields are negative for German life insurers

But non-life remains resilient, say AM Best and S&P


Global Federation of Insurance Associations set up

Members are 31 associations representing 87% of world's insurance business


SII will shift from regulation to supervision in 2013, says Eiopa

Will take on more staff for "highly ambitious" plans


ECB may ask for reporting data before Solvency II

Could result in clash of priorities if directive is delayed


IASB consults further on insurance contracts accounting

Could mean standards won't be in force until 2016


Banking sector links heighten insurance industry's systemic risk

Other risks include political uncertainty, credit risk and life business stabilisation, says Eiopa


Eiopa submits draft IORP QIS

Received 117 responses to consultation on technical specifications