Solvency II
Pay tops £1k per day for Solvency II actuaries
Actuaries working on Solvency II projects are commanding wages of more than £1000 per day as insurers rush to become compliant with the new rules.
Solvency II will be delayed because of 'lack of urgency'
The head of insurance at actuarial firm Barnett Waddingham has said Solvency II will be delayed because other European countries do not have the “same sense of urgency” as the UK.
Solvency II will be delayed because of 'lack of urgency'
The head of insurance at actuarial firm Barnett Waddingham has said Solvency II will be delayed because other European countries do not have the “same sense of urgency” as the UK.
Solvency II: delays and uncertainty
The latest draft of Omnibus II "seems to confirm" the delay to Solvency II, pushing the go-live date back to 1 January 2014, according to KPMG.
Risk management software aids Solvency II compliance
Risk management software from IBM is being used to improve the management of operational risk and support the requirements of Solvency II at an employee benefits firm.
Solvency II to transform insurers’ allocation of assets, says Fitch
Solvency II will alter how insurers allocate their assets, leading to shifts in demand and pricing for several asset classes, according to Fitch Ratings.
Editor's comment: Deadline decision time
It's not something a betting man would have ever wagered against but, as rumours continue to mount that the Solvency II implementation deadline will indeed be significantly pushed back, the UK insurance industry faces some difficult decisions.
EC denies any delay to SII implementation
The European Commission has denied that implementation of the Solvency II directive could be delayed until 1 January 2014, a year later than planned, despite admitting a "short transitional period" is likely to be introduced.
Customer service: Customer service at risk due to desire to reduce overheads
Companies need to be alert to the danger of compromising customer service in their attempts to reduce overheads, warned David Tryon, director of client management at DST Global Solutions.
KPMG welcomes run-off sector concessions under Solvency II
KPMG has welcomed a revised draft of the Omnibus II Directive which includes specific transitional arrangements fro (re)insurance companies in run-off under Solvency II.
Barrie & Hibbert to provide Solvency II support to Suravenir
Barrie & Hibbert is to provide the Economic Scenario Generator (ESG) of French life and pensions provider Suravenir in preparation for Solvency II compliance.
UK to "pilot" new regime if SII deadline delayed
UK insurers risk becoming the guinea pigs of new capital rules surrounding insurance companies if they press ahead with plans to implement the new framework in time for the current 1 January 2013 deadline.
Regulation tops agenda for new CEA president
The managing director of Generali Group has been elected president of the CEA.
Solvency II: Insurer head Barou warns of x-ray vision approach to funds
It is almost impossible to have an "x-ray vision" of how your mutual funds will perform when it comes to assessing embedded risks in the new Solvency II environment.
Solvency II: 'Glue' is needed with data analysis
Securities service providers offer "the glue" to bring all the necessary end-to-end information together to help insurers make the best decisions around their Solvency II asset management strategies.
Solvency II - Post implementation: Capital consequences
In the second instalment of a two-part article, Steven McEwan examines what will happen if the all-important capital requirements under Solvency II are breached.
Germany leads way in Solvency II preparation
UK insurers are better prepared for the upcoming Solvency II regulation than firms based in France and Italy, according to new research.
M&A - market update: Coming together
Merger and acquisition activity is finally on the rise following a long period of stagnation. Daniel Dunkley looks at what is behind the increase.
Solvency II: Evaluating structured products 'difficult'
Structured products are the most difficult assets to evaluate, according to BNP Parabis Cardif's head of analysis, research and development, Jean Christophe Barou.
Solvency II: FSA: eight out of 10 insurers have weaknesses over SII
The Financial Services Authority remains concerned that firms are spending too much time focusing on Pillar I of the Solvency II regulations and not enough time on Pillars II and III.
Solvency II: FSA: smaller firms must address all pillars of Solvency II
Small firms have been urged to make sure they address Pillars II and Pillars III of Solvency II.
Capital Consequences: Part One
In the first part of a two part article, Steven McEwan examines the current solvency and capital requirements that apply to non-life insurers and what happens when they are not being satisfied. The second part will examine the differences that are…
Insurers most fearful of regulation, according to survey
The greatest danger currently facing the insurance industry is the raft of new regulations being introduced, according to a new survey which ranks insurance sector risk.
Exclusive Rome II and shared service centre content now available on Post Europe
Post Europe’s weekly update is now live with all the latest news and an article on how Rome II has impacted the European insurance market; as well as an article on the pros and cons of shared service and competence centres.