Insurance Risk/News
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
US Orsa steams ahead
US Orsa steams ahead
UK insurers behind schedule on Solvency II data requirements
UK Financial Services Authority highlights problems with data control, ownership and validation
US insurers expected to redesign products in response to new reserving guidelines
NAIC approves new principles that could increase reserves held on certain universal life products
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
Bernardino calls for strong capital principles in global insurance framework
Consistency needed to ensure level playing field, argues Eiopa chairman
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
Senior insurance executives do not understand economic capital models, KPMG survey finds
Ineffective use of economic capital frameworks 'could obscure true risk profile of firm'
Hedge fund enables insurers to capitalise on bank deleveraging
Tenax Capital fund will buy bank loans and provide debt capital to corporates
Policy-makers urged to widen scope of matching adjustment 'for good of society'
Current proposals would transfer risk to consumers and increase price of guarantees, argues consultancy
Tullett Prebon launches private equity hedge for Solvency II
Will reduce capital charge by at least 75%, inter-dealer broker claims
Concerns over reporting burden on groups of proposed framework for international supervision
Common framework could lead to conflicts with national regulations, experts warn, as consultation on proposals closes
Council proposal on life morbidity insurance threatens compromise on long-term guarantees
European Parliament concerned about proposal which could derail negotiations on Ommibus II, warns Econ committee chair Bowles
Standard formula ‘an inadequate risk measure’ for high-risk bonds
Eiopa urged to adjust bond SCR as study by Edhec Business School suggests Solvency II could discourage insurers from long-term bond investment
Legal & General eyes European infrastructure finance bonds
European Investment Bank set to launch project bond pilot scheme in September
Eiopa resists calls to ease Orsa risk quantification requirements
But relaxes solvency projection rules in updated draft level 3 guidance on Own Risk and Solvency Assessment
Cat bond issuance this year could rival record 2007
New sponsors contribute to near-record first-half activity setting optimistic mood for rest of the year
Breakdown of Omnibus II negotiations piles pressure on Solvency II timetable
Negotiations to resume in September, but there are fears that deadlock will continue
New Solvency II reporting guidelines ease burden on smaller insurers
Insurers urged to press on with Pillar 3 programmes as guidelines provide 'stable view' of reporting requirements
FSA developing early warning system for internal models
FSA developing early warning system for internal models