Solvency II
PWC warns insurers to take Solvency II action
Insurers must act on the results of the fifth Solvency II quantitative impact study if they are to avoid facing difficult questions from investors, analysts and the market, Pricewaterhouse Coopers has warned.
BCIS offers free pilot
ReAssess, a new tool to help insurers more accurately assess their reinsurance needs has been launched by The Building Cost Information Service of the Royal Institution of Chartered Surveyors.
In series - Geography & Solvency II: Advice on getting data right
For the majority of insurers and to a certain extent brokers, data quality has consistently been an issue with reasons ranging from the ongoing problems of legacy systems to basic human error, as Sarah Adams explains.
In series - Geography & Solvency II: Accurate data is key to Solvency II requirements
The need for more accurate data and improved infrastructure is occupying insurers' Solvency II teams. However, Sam Barrett finds that UK firms are well prepared when it comes to accuracy of information.
Insurers facing FSA SII levy increase
The Financial Services Authority has revealed plans to increase its levy for the implementation for Solvency II from £29m to £46.4m.
S&P: Omnibus II will stabilise insurer rating environment
Standard & Poor's today said it believes the European Commission's publication of its proposed revisions - known as Omnibus II - to the Solvency II directive, will have a stabilising impact on the market.
Not seeking equivalence is in the interest of clients in Guernsey
Heritage Insurance Management has welcomed the announcement made by the authorities in Guernsey that it has no plans to seek equivalence under Solvency II.
Not seeking equivalence is in the interest of clients in Guernsey
Heritage Insurance Management has welcomed the announcement made by the authorities in Guernsey that it has no plans to seek equivalence under Solvency II.
Building the right model for Solvency II
The different levels of readiness and varying budgets among insurers revealed in the report Getting set for Solvency II recently released by Pricewaterhouse Coopers surely came as no surprise to the insurance industry.
Interview – Robert Hiscox: Opinions of the insurance industry
Robert Hiscox is never one to hold his tongue. When Daniel Dunkley met him to talk about current market conditions, he was as forthright as expected on the FSA, ABI, government policy and price-matching practices.
Former Jubilee boss denies sexism claims at tribunal
Former Jubilee group chief executive Clive Buesnel has denied claims that he planned to relieve Kate Lewis of some of her duties because of her gender when she held the post of finance and operations director.
Delaying Solvency II "risky" claims PwC partner
Insurance companies have been warned that it would be a "risky strategy" to delay the implementation of Solvency II on the basis of the Omnibus II directive.
Natural catastrophes: A model example of assessing earthquake exposure
Earthquake costs are rising steadily. Jane Bernstein examines insurers' current use of modelling, recent event responses and solution sustainability.
Lord Levene: Solvency II to cost Lloyd's £300m
Lloyd's of London expects to spend £300m preparing for the European Union's new Solvency II capital rules for insurers, Lord Levene, Lloyd’s chairman, has said.
Post Magazine – 27 January 2011
The latest issue of Post magazine is now available to subscribers as a digital and interactive e-book.
Guernsey rejects idea of equivalence under Solvency II
The authorities in Guernsey have no plans to seek equivalence under Solvency II, according to the Guernsey Financial Services Commission and the States of Guernsey Commerce and Employment Department.
Exclusive captives content now available on Post Europe
Post Europe’s weekly update is now live with a look at the advantages of captives in Europe, and a View from the Top that stresses the need for insurers to support international initiatives.
Post Europe: Captives in Europe: A certain value in an uncertain environment
Businesses and insurers face times of change and uncertainty but as Frederick Gabriel explains captives’ core values and advantages remain the same.
Aviva unveils £700m debt reduction plan to the market
Aviva this morning unveiled a plan to reduce hybrid debt by at least £700m over the next three years.
Risk modelling - Underwriter responsibility: Model behaviour
Models have quickly become a valued tool for underwriters. Matthew Washington examines how the advent of Solvency II could really make them fly.
Omnibus II provisional text published
The European Commission and the European Insurance and Occupational Pensions Authority have published the provisional text for Omnibus II.
Post Europe - View from the Top: Insurers' growth prospects
Looking back at 2010, most insurance companies have restored their capital to pre-crisis levels. This favourable development applies to life and non-life insurers in both the developed and developing economies.
2011 tipped to finally see an upturn in Lloyd's M&A action
Takeover speculation among Lloyd's insurers look set to continue throughout 2011, after Canopius kicked off the year with an approach for rival Omega.
Towers Watson: 2011 will be the most "significant year of reform ever"
Preparation challenges for Solvency II costing billions of pounds are set to help make this the most significant year of reform ever faced by the UK insurance industry.