Regulators are increasing their focus on liquidity risk in response to the financial crisis, but there are questions about whether capital is an effective mitigant for liquidity risks and the nature of the relationship between liquidity risk and bank...
Giovanni Cucinotta, head of research at Italian insurance regulator Isvap, talks to Alexander Campbell
An interview with Gabriel Bernardino, chairman of Ceiops
Alexander Campbell talks to Tom Wilson, chief risk officer at Allianz
Many financial institutions calibrate their required level of economic capital by considering the probability of default associated with a target debt rating. However, as the financial crisis has shown, confidence in a bank can erode before its Tier I...
Proposals to include measures relating to remuneration policy as part of the Solvency II directive have been slammed by Spanish mutual insurer Groupama, which described the initiative as “unjustified interference in company management”.
Solvency II will require a massive upgrade in insurers’ technological capability. But as the deadline for implementation looms ever closer, not all in the industry have made the same level of progress.
Insurers’ capital management has relied heavily on hybrid debt over the last decade – a strategy that has come under threat from Ceiops' latest Solvency II proposals. Aaron Woolner reports
Senior politicians in Brussels are calling for Solvency II to be extended to incorporate occupational pension schemes. But actuaries and other solvency experts say this would be a disaster for plan sponsors and members. John Ferry reports
The one-size-fits-all approach of Solvency II's standard formula has left insurers with a dilemma. Should they use a standard model that is not appropriate to their business strategy, or opt for an internal model that is expensive and time-consuming for...
At least 17 national insurance supervisors have signed on to plans for an internationally harmonised regulatory insurance standard similar to Solvency II, the International Association of Insurance Supervisors (IAIS) has confirmed.
Carlos Montalvo Rebuelta, secretary-general, Ceiops, talks to Rob Davies