Insurance Risk
Prudential Financial’s Sifi appeal casts doubt on US G-Sii powers
Disconnection between domestic and international Sifi processes means regulators could lack legal power to enforce G-Sii measures in some cases
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…
Insurer participation in testing European project bond debut ‘exceeds expectations’
Long maturities and improved rating lure firms into Spanish gas scheme bonds
Supervisors to assess whether new powers needed to impose capital charge on G-Siis
US state regulators warn of ‘two-tier’ system developing
Dutch insurers tackle regulator on solvency impact of France downgrade
Drop in ECB AAA curve will also affect German insurers’ guarantees reserves
Death benefits in UK annuities 'should be eligible for revised Solvency II matching adjustment’
Products with five-year guarantee period should be deemed immaterial under Eiopa’s new criteria, say actuaries
New EU state aid guidance may force insurers to adjust capital structure
Lawyers split on whether subordinated debt will be made convertible by law
G-Sii proposals signal acceleration of plans for global capital standard
But concerns about disjointed global accounting standards
Solvency II interim measures 'misaligned' and 'overly prescriptive' say insurers
Eiopa urged to rein in draft measures in responses to consultation
'Opaque and arbitrary' systemic risk methodology frustrates insurers
Designated insurers could come off G-Sii list when revised in 2014
Insurers protect against Solvency II disqualification with transforming instruments
Aviva and Uniqa hybrids feature capital disqualification triggers
Low yields force Asian insurers to reassess ALM strategies
With long-term bonds in short supply and falling interest rates putting pressure on earnings, Asian insurers are considering giving up on asset-liability matching in order to chase yield. Blake Evans-Pritchard reports
Asian insurers abandoning liability matching in the hunt for yield
Ultra-low rates forcing companies to shift focus from asset-liability matching
Insurer recovery plans will be key issue in systemic risk debate
Insurance Risk launches updated, interactive iPad app
Wrong-way risk, credit and funding
The risk of exposure and counterparty default probability both increasing – so-called wrong-way risk – is usually understood in terms of the correlation between the two variables. But this approach is focused more on the centre of the distribution, and…
Commission approves scrapping of extended matching adjustment
Brussels frames Solvency II long-term guarantees debate along the lines of Eiopa’s proposals
Insurers face tighter infrastructure spreads as banks ramp up allocations
Competition squeezing returns on short-tenor instruments
Denmark to introduce Solvency II shocks to insurer capital requirements
Firms warn regulator against setting an unduly ambitious timeframe for implementing new standard methodology
Early-warning indicators needed to address failings in Solvency II - PRA chief
Effective and prudent solution needed on Solvency II matching adjustment, says Bailey
Insurers must prepare for far-reaching 'living wills' requirements
Systemically important international insurers will be required to design their own recovery and resolution plans in case of severe financial distress, as part of new requirements by regulators to protect the wider financial system. But there are fears…
New Dutch capital requirement 'conceptually flawed' warn insurers
Life insurers’ capital position to be gauged against capital standard calculated using Solvency II shocks
Prudential Financial Sifi appeal ‘futile’
US insurers face re-designation if initial determination overturned