Solvency II
WHAT IS THIS? Europe’s Solvency II directive came into effect in 2016, putting risk at the heart of a harmonised prudential framework for insurance firms. Similar in outline to the banking industry’s Basel standards, Pillar 1 sets out quantitative requirements; Pillar 2 tackles risk management and governance; Pillar 3 addresses transparency, reporting and public disclosure.
Move to swaps discounting presents ALM challenges for with-profits funds
Switching to swaps
FSA proposals to ease Icas modelling burden raise questions over inclusion of Solvency II risk margin
Suggestions that regulator is already beginning to apply Solvency II assumptions to capital calculations
Solvency II could be dangerous for whole economy, expert warns
Axa CFO warns of the counter-cyclical tools in Solvency II
Solvency II delays have no impact on competition for niche insurance firms, expert says
Ferma forum hears that Solvency II delays will not affect competition
EU elections could derail Solvency II development, warn insurers
Solvency II must be completed this parliamentary term, insists Econ chair Sharon Bowles
Insurers welcome Eiopa’s review of capital charges on infrastructure and securitisations
Standard formula is too harsh and fails to reflect real risk of long-term finance, say insurers
Webinar: Taking control of workflow for effective risk governance
By harnessing workflow insurers can develop a more robust enterprise-wide risk management framework. This webinar, in conjunction with Second Floor, brings together industry experts to examine how to achieve this
Insurers 'must understand risk on non-traditional assets'
Modelling and regulatory impact of new asset classes must be considered in search for higher yield
Insurers assess partial models to reflect risk profile
Risk reflection
Data challenges for cat risk ‘threatens standard formula usage’
Lack of data could force insurers with non-standard catastrophe risks to use internal model, warns Insurance Europe
Insurers push for new way to recognise equivalence of Canada
Regime recognition mechanism proposal should be agreed in Omnibus II, says Standard Life's Porteous
Solvency II: Insurers and supervisors must work together to ensure consistency on model approvals
Insurance groups should ensure consistent approach to model applications across organisation, says chairman of Eiopa's internal model committee
Solvency II: Lack of co-ordination on internal model approval, says Buecheler
European supervisors are taking different approaches to the Solvency II internal model approval process, says head of Solvency II project for Allianz
Bernardino calls for firm timetable for implementation of Solvency II
Eiopa chair warns "stagnant" Omnibus II negotiations threaten Solvency II timetable
Sponsored webinar: IBM
Achieving Solvency II compliance while increasing business performance
Insurers explore 'risk geographies' for capital modelling
Risk geographies
UK insurers behind schedule on Solvency II data requirements
UK Financial Services Authority highlights problems with data control, ownership and validation
Barnier proposes delay to Omnibus II vote
Commissioner proposes waiting for results of impact study on long-term guarantees in March 2013
Reinsurers urged to expand equities allocation amid 'fixed-income bubble' fears
Flight to fixed income exposing reinsurers to low yields and interest and inflation risks
German insurers warn of Solvency II threat to infrastructure investment
Insurers keen to invest in real economy, finds BaFin study, but regulatory uncertainty holding them back
Keeping above the capital floor
Keeping above the capital floor
Insurers eye longevity swap market
Swap shop
Latest delay to key Solvency II vote 'could threaten agreement on Omnibus II'
European Parliament plenary vote on Omnibus II will take place on November 20