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...
Read More »
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...
Read More »
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...
Read More »
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:...
Read More »
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.
Read More »
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?
Read More »
