KPMG
KPMG welcomes latest Solvency II guidelines
KPMG has welcomed a relaxation in reporting guidelines following the European Insurance and Occupational Pensions Authority releasing its final guidelines relating to the preparation of Solvency II today.
Lloyd's: The burden of regulation
Facing increasing scrutiny from the UK and Europe, Lloyd’s could be in danger of becoming less competitive. By Katie Marriner
Insurers urged to comply as US regulator turns to Lloyd’s in Iran sanctions inquiry
The New York regulator’s request for information on sanctions breaches from Lloyd’s of London indicates the watchdog’s attentions have shifted away from banks and onto insurers, market insiders have warned.
Investment: Diminishing returns
Insurers are predicted to find it increasingly difficult to make high yields from investments, so what can the industry do to turn the tide and increase returns?
View from the Top: 2013's regulatory outlook
KPMG's Martin Noble looks at how 2013 regulatory predictions shaping up for Asia-Pacific, and whether we could soon see the emergence of a global insurance capital standard.
Chinese insurers urged to become more customer-centric
Tony Compton, head of insurance consulting, mainland China at KPMG has urged Chinese insurers to center their respective business operations around the customer.
IASB insurance contract rules “a new world” for insurance
New rules on the accounting of insurance contracts represent fundamental change according to consultancies.
LTG report could lead to further Solvency II delays says KPMG
Global Consultancy firm KPMG has cast doubt on whether the recommendations from Eiopa’s long-term guarantees assessment impact study will satisfy all parties and stave of further delays in the Solvency II schedule.
L&G blocked on CFO appointment
Legal and General have been barred from appointing their choice of chief financial officer, according to reports.
Kiln names former KPMG UK boss as non-exec
Kiln has recruited KPMG’s former UK chief executive to take a seat on its board, leading the insurer’s audit risk and compliance committee.
Asia View from the Top: Regulating consumer protection
Martin Noble, senior manager, insurance, Financial Services Regulatory Center of Excellence, Asia Pacific, KPMG, discusses how consumer protection regulation could be a distribution game changer in Asia.
Market Moves: Insurers take the week’s spoils as Ace leads recruitment surge
This week, insurers were on top, with Ace, Covéa and Liberty Mutual among the firms to have tied up deals to bring in new faces.
KPMG names Smart UK insurance boss
KPMG has promoted its Solvency II boss to head up the total UK insurance practice.
Increased shareholder scrutiny puts spotlight on insurance CEO pay
Insurers are more cautious and keen to be transparent over executive remuneration after last year’s ‘shareholder spring’, according to analysts, with recommendations for boss’s pay packets swelling in the past 12 months.
Industry divided over Eiopa's Solvency II guidelines
Industry players have been divided in their response to the draft Solvency II guidelines released by the European Insurance and Occupational Pensions Authority.
Early implementation of SII elements 'burdensome' for UK firms
The European Insurance and Occupational Pensions Authority has published four consultation papers containing guidelines on the elements of Solvency II that it wants national supervisors implemented by national supervisors from 1 January 2014 on a "comply…
Jobs at risk as KPMG feels bite of Solvency II delays
Up to 40 actuarial jobs are at risk at KPMG as the accountancy giant feels the pain of uncertainty around the timeline for Solvency II coming into force.
KPMG criticises ‘disappointing’ lack of SII timetable
KPMG has branded the lack of a timetable for the implementation of Solvency II as ‘disappointing’, as the European Parliament vote to delay the vote of Omnibus II to 22 October 2013.
Solvency II compliance could move to 2016 following latest delay
The European Parliament plenary meeting to consider, and possibly approve, the Omnibus 2 amendments to the Solvency II directive has been moved back from 10 June to 22 October 2013.
UK regulator committed to risk-based regulation regardless of EU status
Plans to implement Solvency II will not be derailed by the Prime Minister’s pledge to hold a referendum on European Union membership if he is re-elected at the next general election.
Impact study likely to cause further SII delay
The implementation of Solvency II faces further delay due to the launch a long-term guarantees assessment impact study by the European Insurance and Occupational Pensions Authority, KPMG has warned.
To list or not to list? More Chinese insurers tipped to seek IPOs in 2013
Chinese insurers have started to raise money from equity issuance in the past two years as regulations and market appetite make the option more attractive, writes Andrew Tjaardstra.
IAIS finalises policy for 'too big to fail' insurers
The International Association of Insurance Supervisors is finalising policy proposals for the risk management of globally systemically important insurers, or G-SIIs, commonly referred to as ‘too big to fail’.
The future of regulation for Hong Kong
Hong Kong's insurance industry is currently digesting a consultation document on the future of its regulatory regime. Nicky Burridge talks to the market to get early reactions about the feelings on the ground.