The principle of proportionality is essential for applying Solvency II to match the size and risk profile of the entity. Currently there is not enough guidance on how it will be applied, prompting many SMEs to ask: will Solvency II be a harmoniser or destroyer?
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Why group supervision? Solvency II introduces a holistic approach to group supervision. Group activity will be monitored at the highest level at which decisions about the group are being taken. EEA insurance groups will now have a single regulator for the entire group and will have the option of reporting at group level. This...
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The FSA held a Solvency II Conference on 18 April 2011 in London, in which it outlined key outstanding issues and implementation strategies in the run up to the 2013 deadline. The message was clear: Solvency II is coming and we must be ready for it.
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Publication of the QIS5 results earlier this month take the industry a step closer towards implementation of Solvency II. As the 2013 deadline approaches it revives questions about the complex relationship between the insurance industry and the financial crisis. Print Friendly
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With national budgets squeezed like a small animal in the grip of a python, regulators must consider the cost of enforcing Solvency II with some trepidation. But what is that cost? Print Friendly
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Solvency II is the Basel III of the insurance world. It is the new capital adequacy regulation for the industry: ensuring insurers have sufficient funds to cover their future liabilities. Its effects could carry far beyond the specialised realm of insurance and reinsurance. Solvency II is a bit of a nightmare, and not only...
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