Insurance Risk/News
Dutch regulator to begin Solvency II test on insurers
Dutch regulator to begin Solvency II test on insurers
Another delay in Solvency II as EC proposes deferral of transposition date
Commission takes legal advice on Econ committee proposals
New longevity indexes ‘a step forward’ in developing tradable market but challenges remain
New longevity indexes ‘a step forward’ in developing market but challenges remain
Ultra long-dated UK gilts could provide data to value long-term liabilities
Ultra long-dated UK gilts could provide data to value long-term liabilities
Liquidity swap activity will be driven by bank funding needs, say bankers
Banks’ long-term funding needs will drive demand for liquidity swaps with insurers
UK insurers set to lobby for easing of constraints on matching adjustment
Relief as new matching premium included in Omnibus II Econ text, but questions remain over how it will work
European Parliament’s plenary vote on Omnibus II delayed again
Concerns mount over Solvency II implementation timetable as plenary vote rescheduled to September
Need for matching premiums recognised in Econ vote
Amended Omnibus II text acknowledges a matching premium is necessary, but there is no detail on how it will work
Investors split on 100-year gilt proposal
An ultra long-dated gilt will provide observable market data for liability discounting, but investor demand at the 100-year maturity is questioned
Longevity risk transfer market ‘set to boom’ in Japan
Accounting and regulatory changes will drive demand, say participants
IAIS examining ways to increase regulator exchange of information
Supervisors urged to sign up to IAIS multilateral memorandum of understanding to allay concerns over sharing of confidential information
MEP vote on Omnibus II postponed until July
Delay to plenary vote ‘will provide crucial additional time to negotiate contentious issues’
Further legislative delays could compress Solvency II ‘soft launch’ period - FSA
Regulator updates internal model approval process
Aegon €12 billion longevity swap ‘shows appetite of capital market for diversifying assets’
Aegon €12 billion longevity swap ‘shows appetite of capital market investors for diversifying assets’
NAIC chief optimistic on US equivalence with Solvency II
Work plan being developed with NAIC as European regulators seek 'different approach' to equivalence
Europe has got it wrong on hedge fund capital charge – BlackRock
Capital charge should better reflect real risk of underlying assets, says asset manager, as survey finds insurers are looking to increase exposure to alternative assets
Groupe Consultatif chair fuels concerns over Solvency II delays
Eurozone instability making application of harmonised Pillar 1 ‘difficult’
Insurers must not be treated like banks in policies to tackle systemic risk – Geneva Association
Insurance industry helps to stabilise money flows and should not be weakened by regulatory initiatives to address crisis in financial industry, says think-tank
US omitted from second wave of equivalence assessments
New approach needed for US, says European Commission, as seven countries identified for assessment
Eiopa chairman raises concerns over Solvency II delays
Bernardino urges rapid vote on Omnibus II and a clear Solvency II timetable
FSA outlines draft guidance on liquidity swap transactions
Guidelines require notification of deals and improved risk management processes
Cash-rich insurers eye loan books of de-leveraging European banks
Cash-rich insurers eye loan books of de-leveraging European banks
FSA guidance on liquidity swaps imminent following meeting with banks and insurers
FSA guidance on liquidity swaps imminent following meeting with banks and insurers
Arguments on artificial volatility dampeners must focus on fundamentals, warns Skinner
Arguments on artificial volatility dampeners must focus on fundamentals if political consensus is to be reached, warns Skinner