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.
ORR Innovation Awards: Insurer of the year
Zurich Financial Services
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’
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
Economic turmoil taxes market risk models
Treading carefully
Local regulators grapple with Solvency II implementation
Local solutions
Market unrest prompts caution over commodities as diversifying asset class
Diverse strategies
Getting to grips with the Orsa challenge
The Orsa challenge
The volatility challenge
The volatility challenge
Risk-based capital regimes in Asia need work – Sigurd Volk profile
Asia’s risk assessor
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
Delay to Solvency II is ‘pure speculation’, says European Commission
But MEP Peter Skinner says European Parliament vote cannot be delayed again
Too much too soon?
Editor's letter
Scenario analysis for the insurance industry
Picture this
Further delay to Omnibus II as European Parliament takes time for scrutiny
Concerns that Solvency II timetable could be delayed as a result
Solvency II reporting compliance is challenging insurers, survey finds
Reliance on third parties for critical data is key issue
Calls for standard formula calibrations to be reduced further
Calls for standard formula calibrations to be reduced further
Solvency II asset charges will not stop insurers providing bank funding, say economists
Demand for covered bonds and shorter duration corporate paper likely to increase, according to exclusive analysis by economists at Dutch central bank
Structured products house of the year: BNP Paribas
Risk awards 2012
Hedge fund derivatives house of the year: Deutsche Bank
Risk awards 2012
Insurance risk manager of the year: RSA
Risk awards 2012
Sovereign risk poses greatest threat to European insurers
Sovereign risk poses greatest threat to Euro insurers
Solvency II asset charges will not stop insurers funding banks
Strategic moves