European Insurance & Occupational Pension Authority (Eiopa)
Consolidation looms for European non-life market warns Eiopa
Further consolidation and M&A activity is looming for the European general insurance sector if low interest rates continue, the European Insurance and Occupational Pensions Authority (Eiopa) has warned.
Europe: The Insurance Distribution Directive: Looking under the bonnet
The Insurance Distribution Directive came into force on 23 February 2016 and European insurance distributors - namely brokers, agents and other intermediaries - will have to comply with it from 23 February 2018
FCA publishes reformed approved person's regime for SII firms
The Financial Conduct Authority has today confirmed reforms to the approved person's regime for Solvency II firms including changes to governance arrangements and new conduct rules to encourage appropriate behaviour by staff.
14% of EU insurers fail 'baseline' EU stress tests
A test of more than half of Europe’s insurers by market share has found that one in twelve are currently likely to fail to meet solvency capital requirements when the Solvency II regime launches in just over a year.
Eiopa consults on Solvency II guidelines
The European Insurance and Occupational Pensions Authority is seeking responses to a consultation on the first set of guidelines for Solvency II legislation.
Insurers urged to scrutinise 'far reaching' Solvency II guidelines
KPMG has called on insurers to scrutinise draft Solvency II guidelines published by the European Insurance and Occupational Pensions Authority yesterday as they are broader in scope than the first technical standards released.
Three EU states fail to meet gender directive deadline
Three European states failed to meet the December 2012 deadline to implement legislation prohibiting the use of gender-based pricing, according to the EU insurance supervisor.
Solvency II on track after Omnibus II deal reached
A deal has been reached by the trialogue parties of the European Union on Omnibus II, putting an end to months of political wrangling that threatened to derail the Solvency II implementation deadline.
KPMG welcomes latest Solvency II guidelines
KPMG has welcomed a relaxation in reporting guidelines following the European Insurance and Occupational Pensions Authority releasing its final guidelines relating to the preparation of Solvency II today.
KPMG welcomes latest Solvency II guidelines
KPMG has welcomed a relaxation in reporting guidelines following the European Insurance and Occupational Pensions Authority releasing its final guidelines relating to the preparation of Solvency II today.
Europe: Aggregation domination
Research suggests that the use of aggregators in Europe is growing but can the continent replicate the price comparison success seen in the UK? Mark Sands investigates.
S&P casts doubt on 2016 Solvency II implementation
An examination of the European Insurance and Occupational Pensions Authority’s assessment of the future of Solvency II by Standard & Poor’s has led to claims that “numerous hurdles remain” ahead of a planned 2016 implementation.
S&P highlights 'hurdles' in race towards Solvency II implementation
Standard & Poor’s has cast doubt on a planned 2016 implementation of Solvency II after claiming that “numerous hurdles remain” in the race to introduce the regulation.
PPI CMCs come under scrutiny
The Ministry of Justice is holding a summit today to discuss the “predatory” conduct of claims management companies offering payment protection insurance claims management.
L&G's Wilson: Insurers must invest in housing
Legal and General group chief executive Nigel Wilson has called on the insurance industry to help mitigate the UK’s housing problems by investing in the sector, while also helping to match long term assets.
Solvency II interim rules could worsen market fragmentation
Despite Eiopa’s proposed guidelines for interim measures, surveyed Member States are showing a strong preference for a second quick fix directive, postponing the full implementation of Solvency II towards as late as 2017.
LTG report could lead to further Solvency II delays says KPMG
Global Consultancy firm KPMG has cast doubt on whether the recommendations from Eiopa’s long-term guarantees assessment impact study will satisfy all parties and stave of further delays in the Solvency II schedule.
International: Lost in the long grass
Will the final form of Solvency II – designed to harmonise capital adequacy across the continent – look anything like it was initially intended? And when, if ever, will it emerge?
Eiopa report is key milestone in Solvency II implementation says PwC
The publication of Eiopa’s long-term guarantee report could pave the way for political agreement on Solvency II, according to PwC.
Eiopa advises policymakers to scrap counter-cyclical premium in LGT report
The European Insurance and Occupational Pensions Authority has published the findings of the Long-Term Guarantee Assessment it conducted as part of political discussions on finalisation of the Omnibus II Directive.
Eiopa seeks enhanced powers over large cross-border insurers
The European Insurance and Occupational Pensions Authority has outlined its desire for enhanced supervisory powers over insurance activities in European Union member states.
View from the Top: The slow pace of regulation
Only consistent and uniform implementation across the entire continent will bring benefits.
Solvency II: worth the wait?
After many delays, Solvency II implementation is still far from certain. While some insurers have grown disillusioned by the process, others remain keen to see the directive’s benefits come to fruition.
Lack of confidence in financial institutions noted by EU watchdogs in joint report
The Joint Committee of the European Supervisory Authorities today published its first report on Risks and Vulnerabilities in the European Union’s Financial System.