Solvency II
IUA prioritises regulation and London Market modernisation for 2013
The International Underwriting Association has pledged to develop a new strategy for modernising business processes in the London Market in 2013.
Insurance company uses 'people power' policies to drive down premiums
A new company that will use group buying power to help people with similar interests and needs to drive premiums down has launched today.
Regulation and 2012 insured losses to shape insurance market in 2013
Partners at PwC predict that the Prudential Regulation Authority and the Financial Conduct Authority will be the "tip of the iceberg" for regulation next year.
Insurers anticipate 2016 Solvency II deadline
Insurers are reducing their Solvency II implementation programmes as they now expect the directive to come into force in 2016.
EIOPA declares insurance sector outlook 'significantly' negative
The financial stability of the European economy remains fragile, despite coordinated political efforts and actions taken by the European Central Bank.
Moody's launches Solvency II compliance tool
Risk measurement and management firm Moody's Analytics has added a Solvency II compliance tool to its enterprise risk solutions suite.
Insurance head to leave European Commission
One of the key figures involved with the development of Solvency II is to leave the European Commission.
French insurers call for nation-by-nation capital approach
Proposed strict capital rules for EU-based insurers should be made flexible enough to suit the needs of companies in each country, according to a European insurance lobby group.
S&P predicts Solvency II will be delayed until 2016
Standard & Poor's has warned that Solvency II could be delayed for a further two years as the relevant parties have failed to agree on the European directive.
Changing regulations could see insurers increase lending role
European insurers have untapped potential as investors and sources of funding, according to a study published by Allen & Overy.
Solvency II principles 'ruined' by implementation
Frustration in the insurance industry over the introduction of Solvency II is at an all-time high, according to new research.
Solvency II considered 'too complicated’, research finds
The insurance industry is increasingly critical of Solvency II, with a large number claiming the principles of the directive had been “ruined” by the implementation.
European Commission insurance boss van Hulle steps down
The European Commission's insurance head, Karel van Hulle is to retire at the end of January.
Insurance Europe president calls for vital Solvency II solutions
The European insurance industry supports the goals of the forthcoming Solvency II regulatory regime but vital issues still need to be resolved, Insurance Europe’s president, Sergio Balbinot, told the Eiopa conference in Frankfurt today.
Solvency II saga: Time for a rethink
The EU should adopt a more principles-based approach in order to move forward with Solvency II, says Simon Kirby.
Solvency II uncertainty challenging EU credibility, says Bernardino
Gabriel Bernardino today called on EU politicians to give a "strong commitment" towards the implementation of Solvency II, in order to prompt a clear and credible timetable for delivering the regime.
European piecemeal approach to affect single insurance rules
The European Union's long-term goal of introducing a continent-wide set of insurance industry rules has been put in jeopardy as larger member states look to adopt a fragmented approach to the introduction of regulations.
Top five European stories
The top five European stories from www.insuranceinsight.com over the past seven days.
Solvency II can be good for captives, Aon says
The Solvency II regulatory framework presents challenges for parent organisations and their captives structures, but it can also bring benefits, according to Markus Mende, Aon Risk Consulting's group managing director.
Is a hard market dawning in Germany?
With the Eurozone crisis, impending Solvency II regulations, and deteriorating loss ratios in certain lines, Francesca Nyman asked German insurers whether the market will harden in the next 12 months.
View from the top: Models behaving badly
As with widely reported sat-nav disasters, what is going on in the banking sector as financial institutions embed the Basel III regulatory framework is testing investors' faith in what their computers are telling them, says Roger Bickmore.
Solvency II regulators must be more empathetic, KMPG says
Consultancy firm KPMG has outlined a series of measures that could be adopted to promote a more "robust" Solvency II framework and please regulators and businesss.
Top five European news stories
The top five news stories from www.insuranceinsight.com over the past seven days.
Solvency II: To 2015 and beyond
Solvency II implementation is almost upon us but, as Martin Bradley and Jan Leiding explain, European insurers' preparedness varies significantly between countries and companies.