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 Orsa consultation clarifies key points, but challenges remain for insurers
Insurers still need to develop an effective format ‘to articulate risk and solvency position’, warns PwC
ABI plans Solvency II impact study to highlight undesirable outcomes
Qualitative study will aid lobbying efforts in Europe, says trade association
Bermuda faces challenges to Solvency II equivalence
Bermudan, Japanese and Swiss supervisory systems face European scrutiny
The risk-free conundrum
The risk-free conundrum
Interview: AXA’s op risk head on the group’s risk reforms
More than capital
Why insurers are turning to the least squares Monte Carlo modelling technique
The Monte Carlo method
Insurers look to hedging strategies to deal with management charge volatility
Securing future value
Eiopa seeks funding for internal model experts to assist national supervisors
Eiopa aims to help regulators struggling to understand internal models
Eiopa to publish Pillar 3 and Orsa consultations as FSA warns of reporting ignorance
Papers will provide welcome guidance on regulatory reporting and the own risk and solvency assessment
German insurance association to conduct own Solvency II ‘QIS 6’ in 2012
Test will help implementation and aid association's lobbying effort; other trade associations may follow suit
Solvency II-type requirements for pension funds could be ‘catastrophic’ - LCP
A Solvency II-type regime for pension funds could increase UK funding requirements by £500 billion and lead to company insolvencies, warns consultancy
Eiopa to publish Pillar 3 and Orsa consultations as FSA warns of reporting ignorance
UK regulator's Raffle says non-executive directors do not understand the consequences of Solvency II reporting
Non-execs do not understand consequences of Solvency II reporting, FSA warns
Head of prudential insurance policy also warns of potential widespread ignorance of Solvency II among analysts
Allianz CRO: Industry and regulators 'in denial' over solvency levels
Allianz's Tom Wilson warns liquidity premium in discount rates is disguising effect of current market turmoil on life insurance balance sheets
Solvency II delay does not mean insurers can relax, says Montalvo
A delay to Solvency II implementation does not mean insurance firms can put preparations on hold, says Eiopa executive director
Solvency II modelling could cause systemic risk, industry warns
Industry experts warn uniform modelling under Solvency II could lead to risk contagion
Solvency II causing uncertainty for risk managers
Call for lobbying push on details of new regulations
Regulation not key driver for ERM within Nordics
ERM is being driven from within firms in the Nordic countries, according to survey results
FSA confirms delay of Solvency II implementation date for UK insurers
Financial Services Authority to extend internal model approval process by more than a year
Sponsored statement: Royal Bank of Scotland
Potential impact of Solvency II on equity derivatives markets
Insurers await Solvency II clarity for asset allocation
Feeling the way
Agreement closer on 2014 implementation date for Solvency II
Transitional provisions must still be agreed
Sponsored feature: MEGA
Going further with Solvency II – The Unipol Group story