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.
Alternative liability modelling techniques
Lessons from America
Meeting the volatility challenge of guaranteed products
No guarantees
Further uncertainty on Solvency II rules as Omnibus II vote postponed
Key vote by European Parliament could be delayed further
FSA provides relief to insurers on dual-capital model concerns
Unpublished Level 2 text will be basis of model approvals, says FSA's Adams
European Commission draws up new list of countries for Solvency II equivalence
Decision on Bermuda, Japan and Switzerland equivalence to be taken once Level 2 measures agreed
Dutch regulator urges insurers to report under Solvency II in 2012
Reporting under market-consistent framework would assist transition to new regime, says DNB
Book review: Risk Management for Insurers
Risk and reward
Insurers look to optimise curve-fitting technique
The learning curve
Lessons learned from the Swiss Solvency Test
Swiss-based capital
Insurers and pension funds eye emerging market debt
New horizons
Solvency II for pensions could be ‘killer blow’ for UK schemes
Solvency II for pensions could be ‘killer blow’ for UK schemes
Trade bodies gear up for Solvency II impact studies
Trade bodies gear up for Solvency II impact studies
Capital levels hold up despite euro crisis as insurers de-risk
Capital levels hold up despite euro crisis as insurers de-risk
As good as it gets?
As good as it gets?
Sponsor covenants in risk-based capital
Sponsor covenants in risk-based capital
ORR's top 10 operational risk concerns in 2012
It’s never-ending
Details of matching premium and treatment of EPIFP emerge in Commission paper
ABI says proposals are disappointing and the European Commission has ignored many of the industry's calls for change to Solvency II rules
Implementation costs estimated to rise as FSA consults on Solvency II transition
FSA also outlines how UK regulatory reform will align with Solvency II regime
Decision on dual-capital model use in 2013 'not imminent' as FSA takes legal advice
Question of how Solvency II model can be used in 2013 unlikely to be resolved quickly as FSA promises to 'explore' options
Video: ING Asia CRO Doug Caldwell on Solvency II and use of liquidity swaps in Asia
Local insurers are still offering products at cheaper prices compared with insurers offering risk-based capital structures compliant with Solvency II, according to Doug Caldwell, chief risk officer for ING Asia-Pacific in Hong Kong. Caldwell also…
Solvency II Orsa consultation clarifies key points, but challenges remain for insurers
Insurers still need to develop an effective format ‘to articulate risk and solvency position’, warns PwC
ABI plans Solvency II impact study to highlight undesirable outcomes
Qualitative study will aid lobbying efforts in Europe, says trade association
Bermuda faces challenges to Solvency II equivalence
Bermudan, Japanese and Swiss supervisory systems face European scrutiny
The risk-free conundrum
The risk-free conundrum