Solvency II
Only 2% of insurers ready to implement Pillar 3
A PWC poll has found 68% of insurers are less than halfway through the Pillar 3 reporting process for Solvency II.
Infrastructure: Building for success
Plans for insurers to invest in infrastructure projects are being hampered by Solvency II.
External forces driving risk management transparency says Guy Carp
Transparency on risk management targets and practices is improving according to reinsurance broker Guy Carpenter, with regulatory and market forces said to continue the trend.
All change in Europe
The European guard is changing, and by the end of the year the UK insurance industry could find the European Parliament and Commission rather harder places to press its case than previously.
Europe: The run-off legacy
The run-off market looks set to consolidate its position in Europe, a trend borne out by a Clyde & Co survey which found 60% of insurer respondents expect to complete a deal in Europe in the next 12 months.
Towers Watson adds to P&C team with senior hires
Towers Watson has appointed Charlie Kefford and Kirsty Gray to its UK property and casualty insurance senior management team.
Minister defends Gibraltar against ‘unfair advantage’ perceptions
Gibraltarian minister talks up non-motor insurance expansion.
XL launches operational risks team
XL Group has established an operational risks team to provide operational risk cover to financial institutions clients.
Lloyd’s: A period of adjustment
In a challenging year for the market, how is Lloyd’s responding to regulatory changes, international competition and the potential threat posed by passive underwriting structures?
Insurers facing 'fundamental issues' ahead of Solvency II implementation
Only half of insurers understand the full impact of Solvency II, according to PA Consulting Group, which claims the industry must overcome “fundamental issues” in order to be ready in time.
Europe: Driving up M&A activity
Following the spectacular rise in value of merger and acquisitions in the European insurance sector during the first half of the year, Edward Murray looks the drivers behind the increase in activity.
Consultants welcome timeframe clarity from Omnibus II decision
Consultancy firms have welcomed the Omnibus II agreement reached by the European Union trilogue parties saying the deal will provide insurers with much-needed clarity.
Solvency II on track after Omnibus II deal reached
An agreement on Solvency II has been reached by the trialogue parties of the European union, putting an end to years of political wrangling.
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.
Penny Black's Insurance Week - 7 November 2013
Penny had a chuckle this week when MP Sajid Javid compared long-awaited regulatory package Solvency II with The Godfather trilogy.
Failure to reach Solvency II equivalence deal could harm UK
Failure to adequately resolve the issue of equivalence under Solvency II could harm British interests, according to speakers at the Association of British Insurers’ solvency II conference.
Failure to reach Solvency II equivalence deal could harm UK
Failure to adequately resolve the issue of equivalence under Solvency II could harm British interests, according to speakers at the Association of British Insurers’ solvency II conference today.
Europe: Should we stay or should we go?
Earlier this month, Conservative backbencher Adam Afriyie called on the government to bring forward the referendum on the UK leaving the European Union from 2017 to October 2014.
ABI supports PRA Solvency II consultation
The Association of British Insurers has welcomed the Prudential Regulation Authority’s public consultation on its approach to implementing EIOPA’s guidelines for the preparation of Solvency II.
Political heavyweight primed for ABI Solvency II conference
Financial secretary to the Treasury Sajid Javid will be joined by a host of political and industry key note speakers at the Association of British Insurers' Solvency II conference on 31 October.
Systemic risk: The burden of being big
What will the extra scrutiny that comes with being a global systemically important insurer mean for the nine firms given the designation?
'Clear deadline' on Solvency II welcomed by consultants
The delay of Solvency II’s application date to 2016 has been welcomed by KPMG and PWC, citing the certainty the move will bring insurers, though doubts still remain over the new schedule.
Consultants welcome 'clear deadline' on Solvency II
The delay of Solvency II’s application date to 2016 has been welcomed by KPMG and PWC, citing the certainty the move will bring insurers, though doubts still remain over the new schedule.
Europe: Regulatory remuneration
Are European insurance companies coping with the increasing cost of regulation? Katie Marriner investigates.