Insurance Risk
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…
The economic view
Insurers are using the delays to Solvency II to improve their economic capital models
Portfolio optimisation via replication
Filippo Della Casa and Michele Gaffo propose a new framework to run portfolio optimisation for life insurance business, by exporting the replicating portfolio technique from risk management to investment management. In particular, they develop a new risk…
Collateral management survey 2013: collateral concerns grow
Insurance Risk’s second collateral management survey in conjunction with BNY Mellon finds more insurers are taking steps to prepare for new derivatives regulation, but concerns about collateral availability are mounting
New Swedish discount curve rejects Solvency II methodology
Extrapolation method changed following concerns Smith-Wilson method impractical
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
ComFrame must build on existing regulations, say insurers
Prescriptive international regime would be 'very challenging' for firms
PRA U-turn on reporting in Solvency II guidelines implementation
Proportionality concerns remain as narrative reporting to be included in UK preparatory phase
Increased new business margin drives embedded value to three-year high
Average increase of 5.5%, despite rising rates hitting bond portfolios
Sponsored webinar: The business case for enhanced data governance
A panel of experts discuss how improved data governance can provide business benefits for insurers
Insurers may be better off not separating non-traditional, non-insurance business, says top lawyer
Capital cost of restructuring may outweigh regulatory benefits under G-Sii proposals
US Sifi process ‘stacked against insurers’ as Prudential Financial ends appeal
Decision 'unsurprising' say lawyers
Lack of insurer management action plans exposes governance failings
Most European insurers do not hold Solvency II compliant documentation, finds survey
Fears over FSB 'influence' on global insurance capital standard
Financial Stability Board did not ‘want to waste a good crisis’, claims Geneva Association chief
Q&A: IAIS secretary general on G-Siis, ComFrame and a global capital standard
Yoshihiro Kawai, secretary-general of the International Association of Insurance Supervisors, is the man in charge of building a new supervisory framework for both systemically important and internationally active firms. But his blueprints have proved…
Credit Suisse extends ICPPI hedging platform
Swiss bank adds SunGard data service to reduce operational barriers for insurers
Irish variable annuity companies braced for new reporting requirements
Regulator introduces new risk monitor to scrutinise market risks and act as early-warning indicator
Insurers explore new risk metrics in bid to refine economic capital models
European insurers are refining their internal economic capital models as regulators’ efforts to define statutory solvency requirements grind to a standstill. Louie Woodall reports
National authorities have ‘moral obligation’ to introduce systemic risk measures - IAIS secretary general
G-20 pressure and FSB peer review will guarantee compliance of nation states
Shadow banking crackdown raises transparency concerns for insurers
National regulators to bring existing rules in line with prescriptive FSB policy recommendations on securities lending
Illiquidity premium taxes Asian regulators
Asian regulators are turning their attention to the illiquidity premium, but defining it within an Asian context will not be easy. Blake Evans-Pritchard reports on some of the challenges