Static transitional will smooth impact of unrealised gains on profit shares
Concerns national specific templates could lead to gold-plating and increased reporting burden
In this sponsored feature, Northern Trust discusses some of the findings of a recent survey of insurers on their concerns for investment operations and technology
The computational requirements of Solvency II are driving the need for more computing power and data storage accessible on a scalable basis. Early adopters are leveraging cloud computing for their Solvency II implementation. Others are taking a more cautious approach, waiting for the industry to address key concerns such as security before they to embrace computing.
More Insurance articles
Solvency II is on its way to a rolling start after national supervisors pledged to adopt Eiopa’s interim guidelines as their own. Reporting requirements are the main concern for insurers, which are hastily rebooting their compliance programmes. But...
PRA claims it cannot offer advice until publication of Implementing Technical Standards
Existing credit portfolio risk models tend to not account well for the variability of reinsurance recoverables and result in inadequate capital requirements. Here, Michael Brunner and Verena Goldammer present a methodology drafted along the requirements...
Firms struggling with validating external models, expert judgement and risk dependencies, say experts
A panel of experts, convened by Insurance Risk and sponsored by BNY Mellon, discusses the impact of central clearing on asset allocations and opportunities to generate returns from high-quality collateral.
Requirements for using deduction and aggregation method to calculate SCR of subsidiaries remain too high, insurers say
In response to industry fears of a collateral crunch, regulators have revised the proposed rules on margining for uncleared over-the-counter (OTC) derivatives.You can find out more by downloading this white paper here.