Solvency II implementation
Race to the beginning
Exception in draft Level 2 text could exclude active funds
Prudential Regulation Authority to copy wording 'as closely as possible'
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More Solvency II implementation articles
Proportionality concerns remain as narrative reporting to be included in UK preparatory phase
European Parliament pushes back vote to March 11 despite positive developments in Omnibus II negotiations
Guidelines necessary to achieve convergence and improve quality of preparations, says Eiopa chairman
Absence of legal powers to enact guidelines in some jurisdictions threatens Eiopa’s objectives
Eiopa says measures will help supervisors and insurers prepare for Solvency II
Reticence among certain insurers to quantify operational risk also to blame for lack of progress in model development
Specifications unclear on premium volume definition for risk-factor calculation, say actuaries
Suggestions that regulator is already beginning to apply Solvency II assumptions to capital calculations
Solvency II must be completed this parliamentary term, insists Econ chair Sharon Bowles
Lack of data could force insurers with non-standard catastrophe risks to use internal model, warns Insurance Europe
Eiopa chair warns "stagnant" Omnibus II negotiations threaten Solvency II timetable
UK Financial Services Authority highlights problems with data control, ownership and validation
Insurers keen to invest in real economy, finds BaFin study, but regulatory uncertainty holding them back
But relaxes solvency projection rules in updated draft level 3 guidance on Own Risk and Solvency Assessment
Former CRO of SEB Life calls for a moratorium on Solvency II implementation in order to enable insurers to focus on recovery
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