Solvency II
WHAT IS THIS? Europe’s Solvency II directive came into effect in 2016, putting risk at the heart of a harmonised prudential framework for insurance firms. Similar in outline to the banking industry’s Basel standards, Pillar 1 sets out quantitative requirements; Pillar 2 tackles risk management and governance; Pillar 3 addresses transparency, reporting and public disclosure.
Q&A: Karel Van Hulle on Solvency II delays and the challenges ahead
Beating the negative forces
‘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
Extensive reporting guidelines in Solvency II interim measures 'will challenge insurers'
Eiopa says measures will help supervisors and insurers prepare for Solvency II
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 explore exchange-traded funds to boost yield
Exchange-traded future
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
De Larosière slams US protectionism and EU Solvency II rules
Former IMF and Banque de France chief Jacques de Larosière says the introduction of a swath of new regulations in Europe may jeopardise the continent’s growth
Matching adjustment ring-fencing provisions ‘a threat’ to mutual insurers
Provisions would prevent common funds structures and reduce diversification benefits, say insurers
Swedish Solvency II discount rate move 'must address sensitivity concerns'
Extrapolation methodology must be robust and allow insurers to manage solvency positions, says Insurance Sweden
Insurers ramp up commercial loan portfolios in response to Solvency II delays
Firms seek short-term opportunities before directive implemented
Swedish regulator to introduce Solvency II discount rate in 2014
Long-term solution to discount rate needed due to Solvency II delays, says regulator
Hedge funds grapple with Solvency II look-through test
Clear and present data
Regulatory myopia must not prevent a long-term view
Regulatory myopia must not prevent a long-term view
Bridging the gap: Solvency II phase-in troubles insurers
Proposed interim measures hope to bring some regulatory consistency across Europe in the period prior to Solvency II’s eventual implementation, but supervisors are still seeking their own solutions, while insurers warn that any interim measures must not…
Chilean insurers grapple with risk-based capital assessment
New framework will challenge domestic insurers, experts warn
Insurers deal with delays to Solvency II rules
Out of focus
Firebreaks and stable doors
Firebreaks and stable doors
Insurers raise fresh concerns over Solvency II phase-in
Instability of capital framework should be reflected in plans for soft-launch
Operational risk issues in the insurance sector
Insurers face many of the same regulatory challenges as banks, but are well behind them in many cases
Solvency II transitional measures come under fire
Concerns about costs and suitability of phase-in of capital charges
Solvency II capital tests not part of augmented Icas regime, FSA confirms
Insurers welcome Icas+, although uncertainty remains over future requirements