Solvency II
IUA produces first time accurate London market stats
The International Underwriters Association has produced a measure of premium income generated by insurance and reinsurance companies written by London that could help them prepare for Solvency II.
Warning over Solvency II pillar three requirements
Capita Consulting’s head of financial services Tony Tarquini has claimed insurers are failing to focus enough on meeting the ‘third pillar’ reporting requirements of Solvency II.
BIS Countdown - Patrick Snowball: A hostile climate
Faced with unsettled stakeholders and challenging operating environments, Patrick Snowball argues insurers must still prove they can lead reform from the front.
Solvency II could contract personal lines insurance market
Nine out of ten senior financial services executives expect the costs of complying with Solvency II to force smaller firms to quit personal lines insurance unable to make a profit, reducing choice for consumers.
Swiss Re warns of challenging market for Nordic insurers
In Oslo today, Swiss Re, will use its flagship Nordic Risk & Insurance Summit conference to warn that the economic environment in the wake of the financial crisis is still very challenging and turbulent.
US Solvency equivalence poll results
Find out what the market voted for on Solvency II equivalence in the US.
European insurers adopt Dataflux technology
Nine European insurance firms have adopted Dataflux technology to help underpin their Solvency II data management initiatives.
US insurers voice concern as Solvency II equivalency is raised
Connecticut insurance commissioner Thomas Leonardi has cautioned fellow regulators and other industry members that adoption of European regulatory changes, Solvency II as currently proposed could weaken consumer protections and stability of insurers in…
IIF warns of Solvency II implications on insurers' capital funding of banks
The Institute of International Finance has called for greater cross-sectoral coordination in developing regulatory reforms.
IIF pushes for distinct sector regulation
The Institute of International Finance has called for a “greater cross-sectional co-ordinated” response from the insurance and banking industries to ensure the sectors have separate regulation.
Insurance heavy-hitters demand regulatory co-ordination
Insurance and banking regulators should use the 12-month delay in fully implementing Solvency II to provide urgently required clarity and create a co-ordinated response to it and Basel III, according to the group chief risk officer at Zurich.
Eiopa launches equivalence consultation
The European Insurance and Occupational Pensions Authority has launched a consultation on the potential equivalence of the Bermudan, Japanese and Swiss supervisory systems with Solvency II.
Groupama holds firm on Societe Generale investment
Groupama SA has confirmed it has not sold any of its shares in Societe Generale SA, according to a report on Bloomberg, despite the stock plunging.
Industry needs to “wake up” MPs to Solvency II
Speaking to Post, Chris Leslie MP, shadow financial secretary to the Treasury, said that the insurance industry has not yet managed to wake up parliament and politicians to the impact that Solvency II could have.
Lloyd’s – China: Chasing the Chinese dream
As the world’s second largest economy, China is a tempting opportunity for insurers. Leigh Jackson reports on the key role being played by Lloyd’s, the difficulties in gaining traction and the reality checks on expectations.
BIS Countdown - British Gas: A closer bond
British Gas Insurance launched in 2009 with ambitions to become a major player, and fast. Jonathan Swift talks to Chris Stern and Edward Dutton about the challenges and opportunities they have encountered to date.
Interview - Keith Stern: Raising the regional profile of Lloyd's
Tasked with rejuvenating Lloyd’s in the UK, as others look to international expansion, Keith Stern talks to Leigh Jackson about raising its regional profile and how he plans to overcome some common misconceptions.
Solvency II - Implementation day: Putting the brakes on
The timetables for two key initiatives that will affect insurers have slipped recently. Neil Coulson examines the implementation delays to both Solvency II and the international insurance accounting standard.
Shadow Treasury minister tells Osborne to take Solvency II "more seriously"
Chris Leslie MP, shadow financial secretary to the Treasury, today called on the Chancellor to initiate higher level debate on the effects of Solvency II on UK consumers and business.
Shadow Treasury minister tells Osborne to take Solvency II "more seriously"
Chris Leslie MP, shadow financial secretary to the Treasury, today called on the Chancellor to initiate higher level debate on the effects of Solvency II on UK consumers and business.
Solvency II action remains vital despite delay proposal
Firms have been urged to continue working towards the 1 January 2013 implementation deadline for Solvency II, despite the European Parliament announcement that the regime should be delayed until 2014.
Postbox: Facing the data challenges of Solvency II
I read your article 'Lack of funds to spark Solvency II M&As', with interest. The article tells us that 31% of insurance firms surveyed are fully aware of the implications of Solvency II, and a further 38% are partially aware, but I wonder how many have…
Broking focus - Regulation: The new broom
The Financial Conduct Authority will assume responsibility for the regulation of brokers taking over from the Financial Services Authority at the end of 2012. The Institute of Insurance Brokers, the British Insurance Brokers' Association and the London &…
Editor's comment: The wheels of industry
The schools may be out for summer and European business fast grinding to a halt as workers decamp to the coast but it's good to see the wheels of British commerce continue to turn, albeit at a rather less than frenetic pace.