Cost and time pressure of reporting obligation “most challenging” aspect
Firms need technology solutions that can update in line with regulation
Authorities must adapt to challenge of Solvency II along with insurers
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More Pillar 3 articles
Insurers prepare for greater disclosure under new reporting rules
Negotiate with vendors now to secure best prices, say experts
Insurers and asset managers warn of difficulties generating coherent data codes for alternative assets
Concerns national specific templates could lead to gold-plating and increased reporting burden
Race to the beginning
PRA claims it cannot offer advice until publication of Implementing Technical Standards
Proportionality concerns remain as narrative reporting to be included in UK preparatory phase
As insurers begin to conduct dry runs of their reporting schedules in preparation for the various conflicting regulations coming into force, it is becoming clear just how difficult compliance is goi...
Eiopa says measures will help supervisors and insurers prepare for Solvency II
Instability of capital framework should be reflected in plans for soft-launch
Eiopa chairman says it is time to 'move on' with Solvency II as lack of certainty is threatening EU's credibility
UK Financial Services Authority highlights problems with data control, ownership and validation
Smoothing the flow
Reliance on third parties for critical data is key issue
Head of prudential insurance policy also warns of potential widespread ignorance of Solvency II among analysts
Bernd Rummel describes EBA push for Europe-wide approach to capital rules
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