Solvency II
Europe: Opportunities in Middle and Eastern Europe despite geopolitical risks (26 Feb)
Despite the Russian-Ukraine crisis, 2014 brought hope of a revival for the regional market in Middle and Eastern Europe. Economic prospects have been positive, regardless of the continual geopo
PRA sets December deadline for final decision on SII models
The Prudential Regulation Authority is to make final decisions about firms' internal Solvency II models in December, according to its insurance supervision executive director Sam Woods.
Lure of Liechtenstein questioned as reports of insurer interest surface
The Liechtenstein financial regulator has flagged an uptick in insurance companies looking to establish a presence in the principality despite analyst scepticism about the benefit of the territory as an outpost for UK insurers.
Europe: Solvency II - Getting through the last mile
With Solvency II due to go live on 1 January 2016, there's still a lot of work to do, warns Accountagility's Robert Gothan.
Europe: Breaking up is hard to do
A British exit from the European Union could be voted on as early as 2016, to avoid a clash with the French presidential and the German federal elections.
IRM unveils guidance to ensure Solvency II risk models are 'fit for purpose'
The Institute of Risk Management’s Internal Model Industry Forum has published a guidance document based on its research into the effective validation of risk models created by the insurance industry to comply with the requirements of Solvency II.
Non-Solvency II insurers to avoid PRA regulatory burden
Smaller insurers will not be over-burdened with excessive regulation under the Prudential Regulation Authority's proposals for companies outside the scope of Solvency II, according to market observers.
Motor market constraints not Gibraltar-specific, GIA says
Market constraints that contributed to Gibraltar-based underwriter the Service Insurance Company ceasing to write business are likely to felt by motor insurers Europe-wide and not just in the UK overseas territory, the Gibraltar Insurance Association…
Further insurer run-off expected in Gibraltar as others plot arrival on The Rock
Several Gibraltar-based firms in danger of entering run-off are under intense regulatory scrutiny, according to market insiders, while the British overseas territory's financial watchdog says it has a number of interested parties on the hook to establish…
Political Interview: Cathy Jamieson: Bringing big ideas
In the last of Post’s political interviews in the countdown to the General Election, Cathy Jamieson, Labour Shadow Financial Secretary to the Treasury, lays out her party’s aims in government.
Closing Gibraltarian underwriter warns of SII pressures
The chairman of Gibraltarian underwriter Service Insurance Company said UK motor market pressures and the looming Solvency II deadline in 2016 led to the firm deciding it was not "economically sensible" to continue operating.
PRA publishes ‘milestone' paper on managers' oversight
The Prudential Regulation Authority has published the scope of its senior managers regime for Solvency II insurers with guidelines on how the regime will apply to non-executive directors to be published later in the year.
Insurers still have much to do ahead of Solvency II deadline, warn EY and Silverfinch
A survey of asset managers has found that only around 10% of their insurance assets have been in contact to discuss Solvency II issues.
PRA publishes final rules for Solvency II implementation
The Prudential Regulation Authority has published its final rules for implementing the Solvency II directive alongside a consultation paper on the application process for the volatility adjustment.
Insurance Europe calls for EIPOA stakeholder workshops
Insurance Europe has called for a limited on the number of guidelines and simplification for Solvency II implementation.
A quarter of firms likely to miss Solvency II deadline
Most insurers expect to be ready for the reporting and disclosure requirements of Solvency II by the end of the year, however a significant minority will struggle to meet to deadline, a survey by financial adviser Grant Thornton has found.
Solvency II NEDs told to ‘up their game' in face of increased regulation
The risk of a decreased talent pool has been highlighted by market players as a potential ramification of “onerous” regulation targeting non-executive directors at Solvency II insurance companies.
Europe: Opportunities in Middle and Eastern Europe despite geopolitical risks
Despite the Russian-Ukraine crisis, 2014 brought hope of a revival for the regional market in Middle and Eastern Europe. Economic prospects have been positive, regardless of the continual geopo
Political Interview: Matthew Hancock: A positive relationship
In the countdown to the general election, Post caught up with Matthew Hancock, Minister of State at the Department for Business, Innovation and Skills, to find out his views on the insurance industry
Europe: Q&A with Guenter Droese, chairman of European Captive Insurance and Reinsurance Owners` Association
Post speaks to Guenter Droese about the captive market and the potential impact of Solvency II
PRA expects total UK insurance capital to drop under Solvency II
The Prudential Regulatory Authority’s executive director of insurance has forecast that total capital held by insurers in the UK will likely drop under incoming Solvency II rules.
In Series: Corporate risk: Upping the pace
How can commerical insurance industry innovation better keep up with the ever-increasing speed of technological advancement and changing demands from UK businesses?
Solvency II Delegated Acts brought into force
The Solvency II Delegated Acts were entered into force on 18 January in a move Insurance Europe has called an important step forward in the implementation of the regulatory regime.