Solvency II
‘Unhedgeable’ risk-free curve extrapolation method implied in Omnibus II text
Controversial Smith-Wilson technique expected to be confirmed in level 2 implementing measures
Asset reallocation predicted as Dutch life companies move to Solvency 1.5
Firms expected to reduce exposure to equities and buy protection in response to transitional solvency regime.
BBB limits in matching adjustment scrapped in Omnibus II deal
Ceiling on BBB-rated bonds and forced sale on downgrade removed from final Omnibus II compromise text
The Omnibus II deal may have been done, but tough negotiations remain
'Robust debates' await level 2 discussions
Insurers upgrade management actions models
The missing piece
Insurers demand clarity on Omnibus II
Equivalence, credit risk adjustment and details on level 2 text urgently needed, say top insurance executives
Omnibus II agreement puts Solvency II back on track
More generous long-term guarantees package and long transitional period in deal
Barnier to attend crunch trilogue to see Solvency II negotiations ‘over the finish line'
Profound changes expected to long-term guarantees package
Trilogue parties lock horns on Solvency II third-country equivalence
Commission seeks flexibility to unilaterally recognise US, but resists making temporary regime open-ended
Q&A: Commission Solvency II head Wiedner on closing the deal on Omnibus II
Klaus Wiedner, head of the insurance and pensions unit at the European Commission, has the task of brokering a deal on Omnibus II. As negotiations go down to the wire, he rebuts criticism that too many concessions are being made to the insurance industry…
Commission looks to review clause to close deal on Omnibus II
Extensive safeguards and supervisory controls to be built in to Solvency II long-term guarantees package, says Commission’s insurance head
No agreement in crucial Solvency II negotiations
Further trilogue scheduled as inconclusive negotiations continues uncertainty over Omnibus II package
PRA U-turn on reporting in Solvency II guidelines implementation
Proportionality concerns remain as narrative reporting to be included in UK preparatory phase
Solvency II interim reporting requirements were 'too ambitious' - Eiopa
Insurers hail downscaling of regulator’s initial plans, but concerns about consistent application remain
Lithuanian presidency proposes increase to volatility adjuster cap
Benefit could more than triple amid hopes of a deal on Omnibus II long-term guarantees package
Conditional approval of Solvency II internal models should be allowed, urges PRA official
Insurers' efforts to develop internal models should be recognised by supervisors
EU Council accused of bulldozing over long-term guarantees proposals
German MEP “appalled” by “irresponsible” council as Omnibus II trilogue negotiations resume
We need an agreement on Omnibus II if Solvency II is to be kept on track
Optimism as trilogue discussions recommence, but a long way to go before an agreement is reached
Postponed Omnibus II vote casts doubt on Solvency II 2016 launch
European Parliament pushes back vote to March 11 despite positive developments in Omnibus II negotiations
Solvency II reporting dry runs reveal Pillar III challenges
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 going to be. Clive Davidson reports
Optimism as Omnibus II trilogues recommence next week
Over the summer, Omnibus II discussions picked up speed at the EU Council. Draft papers reveal a more generous volatility balancer and extended transitional measures are in the pipeline. Industry representatives believe an agreement is within reach…
EU Council cooks up Solvency II volatility balancer revamp
New volatility adjustment proposed as optimism of trilogue agreement grows
Swedish life insurers weigh occupational pensions spin-off ahead of Solvency II
Directive threatens to put hybrid pensions providers at a competitive disadvantage and force them to split-up businesses
Solvency II extrapolation proposals feed volality debate
The European Insurance and Occupational Pensions Authority’s report on the long-term guarantees assessment has reignited the debate on the methodology for determining the risk-fee term structure. The authority’s proposals for a long extrapolation period…