Solvency II
WHAT IS THIS? Europe’s Solvency II directive came into effect in 2016, putting risk at the heart of a harmonised prudential framework for insurance firms. Similar in outline to the banking industry’s Basel standards, Pillar 1 sets out quantitative requirements; Pillar 2 tackles risk management and governance; Pillar 3 addresses transparency, reporting and public disclosure.
Solvency II
A collection of articles on Solvency II from Life & Pension Risk
Insurers lack confidence in Solvency II data
Only 21% are highly confident about model data quality
LV= appoints Haynes as chief risk officer
Steve Haynes takes up chief risk officer post at LV=
Sponsored statement: RBS
Solvency II – Capitalising on market distortions
Sponsored educational feature: UBS Delta
When is a hedge not a hedge? ALM under Solvency II
Calls for consistency over risk-free rate
Rates manoeuvres
Insurers gambling future on data quality
Shaky structures
Proxy modelling develops under Solvency II
The alternative route
Solvency II set to boost interest in variable annuities
Bright new hope?
Uncertainty reigns
Uncertainty reigns
IIF warns Solvency II risk charges may lead to imprudent asset allocation by insurers
IIF warns Solvency II risk charges may lead to imprudent asset allocation by insurers
EU Parliament adds to calls for Solvency II delay, but uncertainty remains
EU Parliament adds to calls for Solvency II delay, but uncertainty remains
ABI redundancies in the face of Solvency II
Shake-up will also entail "resourcing-up" Oric to help members prepare for internal op risk modelling
Aviva Europe appoints new chief risk officer
Doug Brown joins insurer
Op risk overhaul coming at Axa
More than capital
EC argument for ‘bigger and better’ Iorp directive misguided - NAPF
Solvency II is the wrong starting point for new occupational pension directive, says James Walsh
European Parliament calls for delay in Solvency II implementation
Parliament calls for delay but European Insurance and Occupational Pensions Authority says it would like aspects of implementation to start now
Oric-ORX merger off
Talks between Oric and ORX regarding a possible merger have been called off owing to a lack of common ground
Change of governance
Change of governance
Insurers to arbitrage Solvency II-compliant rivals in Asia
Insurers to arbitrage Solvency II-compliant rivals in Asia
Insurance sector needs globally harmonised regulatory standards
Insurance sector needs globally harmonised regulatory standards
Solvency II set to revamp insurers’ asset allocation – but not yet
Solvency II set to revamp insurers’ asset allocation – but not yet
Internal model approval – supervisors' different approaches
The perfect model (part II)