Taking stock of Pillar II
The Pillar II roll out in the UK life industry identified £52 billion of capital needed to meet a 99.5% confidence target. This is a good time to review the process, and the next steps to Solvency II
A landmark was passed in the summer with the publication of the draft Solvency II directive. This directive proposes a new framework for both the calculation of insurance liabilities, and for the regulatory capital to be held at solo entity and group levels. Thus it is worth reflecting on the practical issues that the UK faced in its implementation of its Pillar II regime, called Individual Capital Assessment (ICA), as this programme has strong similarities with the Solvency II framework. This
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe
You are currently unable to print this content. Please contact info@risk.net to find out more.
You are currently unable to copy this content. Please contact info@risk.net to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@risk.net
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@risk.net
More on Rankings
Axpo outperforms in the Commodity Rankings 2024
Energy market participants give recognition to the Swiss utility as it brings competitive pricing and liquidity to embattled gas and power markets
Hitachi Energy supports clients with broad offering
Hitachi Energy’s wide portfolio spans support for planning, building and operating assets. Energy Risk speaks to the vendor about how this has contributed to its strong Software Rankings performance in 2024
Market disruptions cause energy firms to seek advanced analytics, modelling and risk management capabilities
Geopolitical unrest and global economic uncertainty have caused multiple disruptions to energy markets in recent years, creating havoc for traders and other companies sourcing, supplying and moving commodities around the world
ENGIE empowers clients globally to decarbonise and address the energy transition
In recent months, energy market participants have faced extreme volatility, soaring energy prices and supply disruptions following Russia’s 2022 invasion of Ukraine. At the same time, they have needed to identify and mitigate the longer-term risks of the…
Beacon’s unique open architecture underlies its strong performance
Recent turmoil in energy markets, coupled with the longer-term structural changes of the energy transition, has created a raft of new challenges for market participants
Energy Risk Commodity Rankings 2024: markets buffeted by geopolitics and economic woes
Winners of the 2024 Commodity Rankings steeled clients to navigate competing forces
Energy Risk Software Rankings 2024: IT demands increase amid rising risk
Heightened geopolitical and credit risk increase requirements on commodities software
Hitachi Energy’s expanded portfolio steers clients through volatility
Three years after acquiring US-based commodities trading and risk management software firm Pioneer Solutions, Hitachi Energy is reaping the rewards of its large portfolio
