Solvency II
Insurers concerned over double regulatory burden
The lack of detail concerning the regulation of the Lloyd's market could mean insurers there have more influence than others over the eventual shape of their replacement regime for the Financial Services Authority.
BIS countdown - Sean McGovern interview: Getting to grips with government
Lloyd's general counsel Sean McGovern talks to Jonathan Swift about the incoming Solvency II directive and his role building relationships with the new government.
New financial regulation "will benefit all"
The Association of British Insurers' director of financial regulation and taxation, Peter Vipond, has spoken out in response to today’s Treasury consultation.
Public interest must not be lost in pace of reform, warns CII
The Chartered Insurance Institute has responded to the government's consultative blueprint to withdraw the financial services regulatory structure.
Fitch: QIS5 unlikley to impact insurer ratings
Fitch Ratings said today that the final quantitative impact study QIS5 specifications do not materially alter Fitch's view on the likely impact of Solvency II on its insurance ratings.
Lloyd's welcomes US bill as step towards Solvency II harmonisation
Lloyd's welcomed the passage of the Dodd-Frank financial reform bill through the Senate yesterday.
KPMG unsurprised by US omission in Solvency II project
KPMG has welcomed Ceiops draft advice (Consultation Paper 81), published yesterday, on which jurisdictions’ regulatory regimes are to be considered within the first wave of Solvency II equivalence assessments.
EC proposals 'unnecessary'
CMS Cameron McKenna has responded to the European Commission's proposals for insurance guarantee schemes that could lead to the break-up of the the Financial Services Compensation Scheme.
EC proposals 'unnecessary'
CMS Cameron McKenna has responded to the European Commission's proposals for insurance guarantee schemes that could lead to the break-up of the the Financial Services Compensation Scheme.
Sun Gard unveils new Solvency II technology
Technology firm Sun Gard has created a new enterprise risk management framework to support insurer’s Solvency II compliance initiatives.
CEA concerned over EC insurance insolvency guarantee scheme
The CEA, the European insurance and reinsurance federation, has thrown its support behind the objective of protecting insurance policyholders and beneficiaries that underlies the package of measures the European Commission published yesterday.
RBSI looks to rationalise structure ahead of sale
Royal Bank of Scotland is seeking a corporate adviser to help restructure its insurance business ahead of a sale or IPO.
British Insurance Awards 2010: Triumph over adversity
As we all know, insurance exists to help individuals and businesses prepare for life's uncertainties and cope with the consequences. Quite literally, it comes to the rescue. And the past 12 months have been no exception.
PwC responds to Ceiops Solvency II report claims
Advisory firm PricewaterhouseCoopers has called on insurers to maintain open dialogue with regulators following the Committee of European Insurance and Occupational Pensions Supervisors report on the preparedness of insurance supervisors for Solvency II.
Ceiops: Supervisors must update methods to meet Solvency II demands
The Committee of European Insurance and Occupational Pensions Supervisors has urged its members to make further changes to their supervision methods, tools and procedures to meet the demands of Solvency II.
Ceiops: Supervisors must update methods to meet Solvency II demands
The Committee of European Insurance and Occupational Pensions Supervisors has urged its members to make further changes to their supervision methods, tools and procedures to meet the demands of Solvency II.
‘Modest’ changes in final spec for QIS5
The final specification for the fifth quantitative impact study for Solvency II has been released with “modest” changes for general insurance.
Underwriting - Delegated authority: Two-way communication
Jon Francis examines the issues for brokers using a delegated underwriting authority model, as scrutiny of its use increases.
ABI: Directive should not be used to force insurers to hold excessive capital
The Association of British Insurers comments on the launch of QIS5.
Commission has listened to industry concerns
Tamsin Abbey, life insurance partner at Deloitte comments on the final QIS5 specification released by the European Commission yesterday.
Career Development & CSR news: Insurance employees top stress league
Insurance workers are more stressed out than any other profession, a new poll has claimed.
Career development & CSR news: Solvency II demands see risk pay scales increase
Pay scales are being pushed up for risk professionals in the insurance industry as a result of Solvency II, according to search firm Kinsey Allen International.
M&A - Insurance business transfers: Back in fashion?
With a number of restructurings set to happen, Bruno Geiringer asks whether insurance business transfers could be ready for a resurgence.
View from the top: The approved model
The Australian capital requirements and the Dutch pension funds experience show that few insurance companies have achieved the Holy Grail of an approved internal model. However, as Solvency II approaches, insurers are looking beyond the standard formula…