Insurance Risk/News
EC to restrict deferred tax assets in Solvency II
Rules expected to be tightened on determination of future profits
US insurers tap CLO market as banks retreat
Widening spreads lure insurers
US Orsa pilot reports lack clarity - NAIC
Regulators request additional details on risk mitigating activities and capital levels
German insurers ‘better off’ with Solvency II static transitional
Static transitional will smooth impact of unrealised gains on profit shares
National regulators to consult on additional insurer reporting requirements
Concerns national specific templates could lead to gold-plating and increased reporting burden
Insurers clamour for materiality guidance on Solvency II reporting
PRA claims it cannot offer advice until publication of Implementing Technical Standards
Brazil applies for Solvency II equivalence
Regulator to introduce Orsa requirement and toughen governance rules in 2015
UK insurers’ internal model validation processes 'hugely inefficient'
Firms struggling with validating external models, expert judgement and risk dependencies, say experts
Concessions on Solvency II equivalence not followed through in level 2 proposals
Requirements for using deduction and aggregation method to calculate SCR of subsidiaries remain too high, insurers say
IAIS valuation methodology for basic capital requirement flawed
Insurance industry demands clarity on crucial elements of capital requirement
Insurers claim draft level 2 proposals could water down volatility adjustment
Inclusion of non-fixed-income assets in reference portfolio is 'unjustified'
Insurers play down ‘misuse’ threat of open source cat model framework
Not-for-profit modelling framework aims to liberalise the catastrophe risk model industry
US state regulators oppose Federal Insurance Office proposals
Recommendations over supervisory colleges, private mortgage insurance and reinsurance collateral rejected by NAIC members
Commission proposals to ease look-through rules ‘require clarification’
Exception in draft Level 2 text could exclude active funds
Insurers hunt for 'scale premium' in infrastructure assets
Size and tenor of deals grow in importance as illiquidity premium fades
Asset managers lure insurers with new exchange-traded funds
Insurers predicted to increase ETF exposure
Proposals for stable Solvency II credit risk adjustment 'good news' but floor sparks controversy
European Commission's unofficial Level 2 draft disregards insurers’ calls for the adjustment to be capped
PRA wrestles with early-warning indicators calibration
Calibration for general insurers and with-profits funds frustrates regulator's progress
European insurers return to peripheral sovereign debt markets
High yields and low volatility driving comeback from core-Europe firms
Group supervisors ‘lack teeth’ for regulating international insurance groups
Rights and responsibilities of supervisory colleges should be clarified, say insurers
Insurer global capital standard unfairly constrains loss-absorbing capital instruments
Narrow definition of qualifying capital conflicts with existing regulatory regimes, experts warn
Reinsurance sidecars evolving as competition for third-party capital hots up
Sidecars mimicking ILS funds to lure investors entering collateralised reinsurance space
'No appetite to reopen Solvency II' in face of global capital standards - Balz
Omnibus II rapporteur fears additional burden of global quantitative requirements
Reinsurers welcome reduced collateral requirements for US business
Piecemeal reform of reinsurance laws continues to frustrate Lloyd’s market