Insurance Risk/News
Simplistic nature of Solvency II standard formula gives regulatory arbitrage potential
As the industry calls for less complexity in Solvency II, some are arguing the directive is already dangerously simplistic
QIS 5 demonstrates EPIFP in Tier III for Solvency II not “economically consistent”
Montalvo moves closer to the industry’s position on future profits as Tier I capital – but does not agree that all should be included
Pricing in the UK bulk annuity market returns to historical norms
Buyout prices closer to historic norms in 2010, according to leading UK annuity provider Legal & General
QIS 5 results demonstrate significant capital advantages for internal models
Internal model approach gets major capital advantage according to QIS 5 results
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Cat risk – Solvency II standard formula is up to double industry view of nat cat risk
Standard formula is up to double industry view of nat cat risk
Solvency II DTA rules “unimaginable” – CRO Forum
Solvency II DTA rules “unimaginable” – CRO Forum
German finance ministry to lower guarantee rates below actuaries’ projections
German finance ministry to lower guarantee rates below actuaries’ projections
Credit Suisse looks to enter Dutch longevity market
Credit Suisse looks to Dutch longevity
Netherlands heralded as next longevity market
An €11 billion increase in the liabilities of the top four Dutch pension funds owing to life expectancy improvements could see a longevity swap deal agreed in the Netherlands
Solvency II to cause regulatory arbitrage in Asia
A two-tier regulatory market could develop across Asian insurance sectors as Solvency II capital requirements for European insurers will cause them to lose out to domestic competition
Solvency II transition measures won’t prevent consolidation in UK insurance market
Market pressures mean UK insurers will face M&A boom, despite likely granting of maximum Solvency II transition periods
New regulator announces stress tests for Greek insurers
The Bank of Greece takes a more hands-on approach to regulating the Greek insurance industry than its predecessor
Omnibus II needed to meet Solvency II deadline
German insurer R+V says EC was "lucky" Omnibus II was available to add transitional measures into the impending insurance capital regime
UK industry asks European Commission for certainty on Solvency II transition
UK industry asks European Commission for certainty on Solvency II transition
Not seeking Solvency II equivalence “business opportunity” for Guernsey
Not seeking equivalence “business opportunity” for Guernsey
Internal model should not be mandatory for VA business – MetLife
Internal model should not be mandatory for VA business – MetLife
Irish sovereign annuities could reduce pension liabilities by 30%
Irish sovereign annuities could reduce pension liabilities by 30%
JP Morgan completes first longevity swap on non-retirees
JP Morgan completes first longevity swap on non-retirees
High cost of longevity derisking sees ABP consider alternative hedges
Europe’s largest pension fund is priced out of longevity securities market but looks to investments linked to the elderly as longevity hedge
Real estate provides inflation hedging – but only over the long-term
Correlation between inflation and real estate investment can be negative in the short term but almost perfect on a long-term time horizon
Industry fears Eiopa could “over-engineer” Solvency II
Insurers wary of new European standard setter’s legal powers
Swiss Re calls for governments to issue longevity bonds
Leading provider of longevity derisking calls for governments to enter the market