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.
Paul Stanworth, L&G, on liability-matching 'fringe' assets
UK insurer plans wider range of investments for annuity fund
Eiopa cuts matching adjustment risk margin
UK insurers welcome additional capital relief
EU insurance stress tests reveal industry vulnerability to ‘Japanification’
Quarter of firms would suffer negative cashflows in prolonged low interest rate scenario
Now is the time for clarity
Matching adjustment process shows how regulatory confusion might be resolved in practice
The case for active portfolio management
Sponsored feature: Pimco
Insurance ALM from RBS – Putting risk in its place
Sponsored feature: RBS
With-profits models lack sophistication, survey shows
Towers Watson survey reveals over half of insurers do not project risk appetite
Video: Asset finance next for yield-hungry insurers
Insurance companies could move into air finance and shipping, says SG's Viet
Volatility adjustment flaw incentivises risky investments by insurers
Bankers point to opportunity for insurers to load up on short-dated credits
PRA: internal model insurers need a ‘plan B’
Firms must prepare in case their models are rejected, says regulator
Closed life specialists look forward to European boom
Buyers must avoid being hooked by unforeseen capital charges
UK regulator updates industry on matching adjustment
Insurers left uncertain about treatment of derivatives and equity release
Matching adjustment: delegated acts leave risk margin unclear
Industry still split on inclusion of spread risk in calculation
Solvency II equivalence: uncertainty frustrates model applications
Use of volatility adjustment for third-country subsidiaries also in doubt
Video: Jan Parner, Finanstilsynet, on the prudent person principle
Deputy director-general explains approach of Danish FSA
Commission slashes ABS charges in delegated acts
Solvency II measures aim to boost infrastructure and securitisations
Imap burden 'exorbitant' - Allianz CRO
Documentation for approval process running to 110,000 pages
National supervisors behind in Solvency II preparedness
Eiopa's Jarl Kure: 'there's still a lot to do'
Firms underestimating effect of prudent person principle
Danish regulator says investment activities will be transformed
Industry picks holes in BCR proposals
IAIS seeking a middle way on insurance capital rules
Firms to shun early disclosure of Solvency II numbers
KPMG survey suggests minority of insurers will follow Allianz and Prudential
Solvency II: insurers study hedging options for volatility adjustment
Adjustment to discount curve adds complexity to task of hedging liabilities
Insurers underestimating Pillar III reporting demands
Firms need technology solutions that can update in line with regulation
UK insurers cautioned on Solvency II credit risk assumptions
Regulator challenges "mechanistic re-application" of matching adjustment