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: Standard Life's Singh on changes in risk management
Regulation and tough markets put risk centre-stage, says CRO
A paradigm shift on sovereign risk
Opinions changing on capital treatment of government bonds
Better together: insurers hear case for op risk unity
Firms seeking common ground in the modelling of operational risk
PRA view on sovereign risk hedging too simplistic, say experts
UK regulator failing to consider complexities of risk free rate
‘Fixed is fixed’ – DNB stands firm on matching adjustment
Dutch regulator unmoved on mortgages and group pensions
UK life firms rethink forex hedging after PRA note
Matching adjustment applicants using forex forwards have little time to adjust
How to assess standard formula appropriateness
The areas where firms must work hardest to show suitability
Rekindled affection: transitional measures spur equity rethink
Some firms increasing holdings to benefit from grandfathering
Standard formula: how different is too different?
Insurers must demonstrate standard formula is appropriate. But what this means is sometimes unclear
Matching adjustment: PRA note clarifies and criticises equally
UK regulator sets out cashflow needs, but restates old concerns
‘Unpleasant surprise’ casts shadow over SII adjustments
Eiopa calculations show unexpected increase in fundamental spread
Q&A: Aviva on op risk management, modelling, and conduct
Insurer’s head of op risk and Oric chairman promotes holistic approach
Capital charges no obstacle to infra investment – Montalvo
Regulator: poor risk-return the real barrier to insurers becoming more active
Eurozone insurers eye CLNs as ECB easing hits bond yields
Dealers tout hybrid credit and equity-linked notes with Eurostoxx 50 exposure
PRA letter on equity release leaves insurers puzzled
Internal structures allowed, but firms pushed towards internal models
Life in the Solvency II spotlight
Analysts will want to look beyond transitional measures
The tensions behind Hong Kong's RBC compromise
Large and small firms take different views of best way forward
DNB takes firm line on matching adjustment repacks
Structuring of assets must remove residual prepayment risk
Commission hopes to cut infrastructure charges before 2016
Aggressive timetable outlined for reassessment of infrastructure capital charges
Solvency II actuarial role lacks clarity, say critics
Country differences could add expense and create confusion
Clash of rules threatens to split Swedish insurers
Firms will face difficult choices when joint insurance-pensions regime ends
In limbo: insurers await PRA views on matching adjustment
Industry hoping for favourable outcome from pre-applications
Bottom of the class: Eiopa stress-test underperformers compared
How firms and regulators are responding to pressures highlighted by November survey
Eiopa Insurance Stress Test – Should alarm bells be ringing?
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