Solvency II could lead to insurers holding safer assets but this could have negative impact on financial markets and consumers, according to a report published by the Bank for International Settlements.
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Solvency II News
Solvency II news: BIS report, Solvency II could shift risk to households
Solvency II news: Stress test for Europe
Equity prices, interest rates and sovereign debt are the main risks for the European insurance industry, according to the results of the latest stress test.
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Solvency II news: Deadline Delay Fever Special
The possible delay in implementation of Solvency II made the headlines on Monday. The FT reported that “one person familiar with the commission’s thinking confirmed that some delay was now likely.” News of a possible delay to full implementation was mentioned by Risk.Net earlier last week. “Deadline delay fever” may also be fuelled by...
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Solvency II news: 6 June 2011 Barnier responds, FSA Q&A
Barnier responds, FSA conference Q&A, research, tweets. “Criticisms levied against Solvency II, particularly that calibrations are too high, have not been confirmed by evidence.”
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Solvency II news: 30 May 2011 covered bond bonanza, captives
Covered bonds, captives, credit ratings, tweets. "US proposals would add student or car loans that could attract different investors drawn to risk rather than stability.”
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Solvency II news: 23 May 2011 Covered Bonds, XBRL
Covered bonds, Solvency II deadline, XBRL reporting, tweets. "covered bonds get a relatively favourable treatment under Solvency II"
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Solvency II news: Real Estate Special
Real Estate Special. “The whole approach is to sacrifice even a vague semblance of detail in the interest of simplicity.”
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Solvency II news: 10 May 2011 – Reporting, Stress-Test, Survey
Contents: Level 2 implementation, reporting & stress testing , market survey Markets and reporting key concerns for Level 2 The effect on markets and the reporting burden on insurers are among the main concerns expressed by respondents to the European Commission’s consultation on the Level 2 implementing measures for Solvency II. A summary of the...
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Solvency II news: 6 April 2011
Contents: coverage of letter to European Commissioner, German occupational pensions, tweets Letter to European Commissioner – from “urging” to “war” In a letter to the European Commissioner, Michel Barnier, leading insurance industry bodies called for a correction of the Solvency II implementation measures. The letter received a full gamut of coverage in the press....
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Solvency II news: 4 April 2011
Contents: tight Solvency II deadline, Solvency II 101, addressing Catastrophe Risk in QIS 5, tweets Practical preparation for Solvency II on “knife edge” The final Solvency II legislative package will only be finalised in Autumn 2012. In the European Committee First Quarter Update, the ABI said the delay is a result to a number of...
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Solvency II news: 1 April 2011
Contents: solvency II and cloud computing, solvency II-friendly investment, risk management slide presentation Cloud computing under Solvency II Cloud computing will have to comply with Solvency II outsourcing provisions. Lexology reports on the implications of the Directive for the UK insurance industry. Cloud computing “is a form of outsourcing by which vendors can supply...
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Solvency II news: 31 March 2011
Contents: global insurance supervision, illiquidity premium criticized, standard model, banks v insurers on bonds II Tottering toward global insurance supervision A lack of consistency in global regulation is costing the insurance industry an extra $25 billion a year. The FT reports that the figure, calculated by KPMG, highlights the differences in international regulation between...
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Solvency II news: 29 March 2011
Contents: banks vs insurers over bonds, S&P’s new ‘M-factor’, impact of Solvency II on European equities markets Conflict between banks and insurers over long-dated bonds As banks must issue more long-dated bonds under Basel III, insurers shun these bonds under Solvency II. Bloomberg reports that higher charges may drive insurers to hold short-dated bonds...
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Solvency II news: 28 March 2011
Contents: Solvency II simplification, effect of Solvency II on ratings, QIS5 in Romania, insurance regulation in China, tweets EIOPA calls for Solvency II simplification Solvency II will have to be simplified before it can be implemented in 2013 according to Gabriel Bernardino, chairman of EIOPA. The directive will also be reviewed to reduce potential...
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Solvency II news: 25 March 2011
Contents: CER and the budget; Solvency II and asset reallocation, captive insurance in Guernsey, stress test news CER and the budget The Government is likely to keep tax relief on Claims Equalisation Reserves (CER) under Solvency II but the situation remains foggy. Howard Jones, head of financial services tax at Mazars, told Post Magazine:...
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