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.
Solvency II delays limiting internal model growth, head of op risk warns
Reticence among certain insurers to quantify operational risk also to blame for lack of progress in model development
Concerns over restrictions in matching adjustment assessment
Long-term guarantees impact assessment begins, but 'disappointment' over narrow eligible assets for matching adjustment
Insurers to chase liquidity premium in 2013 – BlackRock
Exposure to collateralised loan obligations, infrastructure finance and high-yielding bank loans set to increase
The question is not when Solvency II will come into effect, but in what form
The question is not when Solvency II will come into effect, but in what form
Lawyers question Eiopa’s powers to soft-launch Solvency II
Authority promises guidelines on early implementation of risk governance and Orsa rules, but some doubt remains
Long-term guarantees test specifications to be published on test launch day
Fears that delay in releasing specifications will lead to inaccurate results
Insurers grapple with Solvency II economic capital projections
Capital projection
Insurance Risk Solvency II Solutions Guide 2012/13
Insurance Risk Solvency II Solutions Guide 2012/13
Insurers wrestle with Solvency II internal model change policies
Supervisors say existing guidance has yet to be tested and may not work
The clearing revolution
The clearing revolution
Commission targets January start for long-term guarantees assessment
Commission targets January start for long-term guarantees assessment
Phase-in of Solvency II a threat to level playing field, warn insurers
Phase-in of Solvency II a threat to level playing field, warn insurers
Investment in infrastructure set to rise as insurers seek yield
Swiss Re infrastructure deal shows developing appetite of insurers to finance long-term projects
Risk software survey 2012
Coping with complexity
New own funds specifications add capital restrictions
New technical specifications on Solvency II’s capital requirements make some significant changes to the way insurers calculate their own funds, but they also leave some unanswered questions. Louie Woodall reports
Sponsored feature: Northern Trust
Enhancing investment efficiencies via tax-transparent funds
Model behaviour: supervisors grapple with internal model approval
With regulators struggling to get comfortable with insurers’ internal models, and with the memory of the subprime crisis still lingering, the question of how to ensure that the models are robust is worrying supervisors. Blake Evans-Pritchard reports
Risk governance and reporting elements of Solvency II should be implemented early - Bernardino
Eiopa chairman says it is time to 'move on' with Solvency II as lack of certainty is threatening EU's credibility
Calls for Eiopa to clarify non-life cat SCR technical specifications
Specifications unclear on premium volume definition for risk-factor calculation, say actuaries
House of the year
House of the year
Mutuals warn of capital threat from UK 'twin peaks' regulation
Guidance needed on treatment of with-profits fund surpluses under new supervisory regime
