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: QIS4 second workshop underway
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UK proposes colleges of supervisors under Solvency II
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Solvency II draft report from European Parliament Committee
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Amended Solvency II proposal published
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CBI/PwC survey “one of the gloomiest ever”
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The time is now
Now is the time for all good insurers to start preparing for Solvency II. Victoria Pennington explains what the new capital requirements for insurers will involve, and assesses the market's readiness for their implementation in 2012
CEIOPS publishes Solvency II QIS3 results
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CEIOPS releases Solvency II information exchange guidelines
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UK insurers well prepared for Solvency II
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SAS extends ERM software for insurers
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Mario Mosse
Volunteer work
Solvency II an opportunity, says new report
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CEIOPS out with more Solvency II advice
CEIOPS provides further Solvency II technical advice to the European Commission
CEIOPS out with submissions to the European Commission
CEIOPS published Solvency II papers to European Commission
FSA speaks out on Solvency II
Sarah Wilson, director of the FSA's Retail Firms Division, presents FSA view of Solvency II
European Commission out with Solvency II questionnaire
The European Commission has published a short questionnaire concerning Solvency II.
Quadrant announces S2 Initiative for Solvency II
UK Risk Management House Quadrant Risk Management has announced that it is building S2
CEIOPS publishes supplement to consultation paper
CEIOPS has published a supplement to its recent Solvency II Consultation Paper No. 20
CEIOPS out with Quantitative Impact Study 2 Report
CEIOPS has published its second Quantitative Impact Study, QIS2.
Three-pillar structure to be applied to EU insurance regulation
A discussion paper released by the Financial Standards Authority (FSA) and the Treasury confirms that the three-pillar structure will be applied to insurance regulation. ‘Solvency II: a new framework for prudential regulation of insurance in the EU’…
Raising the standard
The German insurance industry is actively pushing forward the discussion on the standard model within the scope of Solvency II
Clash of the regulators
As the pace of the Solvency II process to reform European insurance supervision quickens, British and French regulators have clashed over the use of market-consistent solvency requirements, to the alarm of proponents of risk-based supervision.
Europe's insurers get used to a stricter regime
Regulators are increasingly bearing down on insurers as the market looks to establish better risk management practices. With the Solvency II proposals being drafted, what are insurance companies doing to make sure they can comply with the stricter…
Getting the solvency balance right
The next few years will witness a radical overhaul of EU solvency insurance regulations underthe banner of the Solvency II project. The proposals will align regulatory capital requirementswith true economic risks, with clear advantages to those players…