Insurance Risk/News
Singapore presses ahead with new ERM framework for insurers
Regulator soothes industry concerns over tight compliance deadlines
Standard formula’s treatment of long-term investments 'flawed'
Standard formula data sets and methodologies 'inappopriate' for securitised products and secured investments, warn experts
Unprepared insurers delay South Africa's risk-based solvency regime
Third quantitative impact study and economic impact study to be launched later this year
‘Prescriptive’ ComFrame criticised by American insurance industry
Fears that global cooperation and coordination initiative is evolving into strict regulatory regime
Van Hulle: Long-term investment agenda must not side-track Solvency II
Political focus on promoting long-term finance could be detrimental to insurance industry, warns European Commission's former Solvency II leader
‘Flawed’ standard formula currency risk calibration needs revision - Insurance Europe
Current specification is ‘counter-intuitive’, say industry experts
Solvency II set for inconsistent soft launch, lawyers warn
Absence of legal powers to enact guidelines in some jurisdictions threatens Eiopa’s objectives
Insurers fear non-recognition of equivalence under Solvency II interim reporting requirements
Group supervisors to determine whether European or local rules apply to non-European entities
UK insurers ‘must adapt to dual compliance burden’ as new regulators begin to flex muscles
Firms braced for duplication of compliance work amid signs that framework for regulators to share information is not working, lawyers warn
Lloyd’s insurers challenged by internal model change policies
Questions on parameterisation remain unanswered by European rule-makers
Allianz leads German insurers in guarantees shake-up
Insurers developing new products to reduce exposure to low rates
Extensive reporting guidelines in Solvency II interim measures 'will challenge insurers'
Eiopa says measures will help supervisors and insurers prepare for Solvency II
Insurers 'should be exempt from initial margining requirements' on ALM hedges
No economic need for initial margin on non-centrally cleared derivatives, argues Insurance Europe
Variable annuities do not pose a systemic risk - Geneva Association
Industry think-tank rejects product’s designation as a non-traditional, non-insurance activity
Italian insurers question benefit of Solvency II long-term guarantees package
Matching adjustment and countercyclical premium inadequate for Italian insurers’ needs
Solvency II equivalence rules must not threaten European insurers - Skinner
Rules must not cause 'ill effects' to firms with international business, warns senior MEP
US insurers expect less benefit from Orsa than European firms
European life insurers are particularly challenged by Orsa implementation, finds survey
Insurers eye longevity risk trades with Canadian and Dutch pension schemes
Influx of new swap intermediaries and improved risk modelling to spur expansion
Regulatory uncertainty 'a barrier' to issuance of contingent capital by European insurers
Lack of clarity on Solvency II dampening investor interest, while Swiss insurers reap benefits of stable regime
Designation of systemically important insurers hit by delay
Publication of list pushed back from April
European financial regulators challenge Eiopa on harmonised response to low interest rates
Regulatory solutions 'must account for local conditions', they say
Insurers struggle with ‘ambiguous’ technical specifications for long-term guarantees exercise
Difficulty interpreting rules threatens usefulness of results to policy-makers
Commission's Van Hulle to be succeeded by procurement lawyer
European Commission confirms new head of insurance and pensions unit
Matching adjustment ring-fencing provisions ‘a threat’ to mutual insurers
Provisions would prevent common funds structures and reduce diversification benefits, say insurers