Solvency II
European Commission insurance boss van Hulle steps down
The European Commission's insurance head, Karel van Hulle is to retire at the end of January.
Insurance Europe president calls for vital Solvency II solutions
The European insurance industry supports the goals of the forthcoming Solvency II regulatory regime but vital issues still need to be resolved, Insurance Europe’s president, Sergio Balbinot, told the Eiopa conference in Frankfurt today.
Solvency II saga: Time for a rethink
The EU should adopt a more principles-based approach in order to move forward with Solvency II, says Simon Kirby.
Solvency II uncertainty challenging EU credibility, says Bernardino
Gabriel Bernardino today called on EU politicians to give a "strong commitment" towards the implementation of Solvency II, in order to prompt a clear and credible timetable for delivering the regime.
European piecemeal approach to affect single insurance rules
The European Union's long-term goal of introducing a continent-wide set of insurance industry rules has been put in jeopardy as larger member states look to adopt a fragmented approach to the introduction of regulations.
Top five European stories
The top five European stories from www.insuranceinsight.com over the past seven days.
Solvency II can be good for captives, Aon says
The Solvency II regulatory framework presents challenges for parent organisations and their captives structures, but it can also bring benefits, according to Markus Mende, Aon Risk Consulting's group managing director.
Is a hard market dawning in Germany?
With the Eurozone crisis, impending Solvency II regulations, and deteriorating loss ratios in certain lines, Francesca Nyman asked German insurers whether the market will harden in the next 12 months.
View from the top: Models behaving badly
As with widely reported sat-nav disasters, what is going on in the banking sector as financial institutions embed the Basel III regulatory framework is testing investors' faith in what their computers are telling them, says Roger Bickmore.
Solvency II regulators must be more empathetic, KMPG says
Consultancy firm KPMG has outlined a series of measures that could be adopted to promote a more "robust" Solvency II framework and please regulators and businesss.
Top five European news stories
The top five news stories from www.insuranceinsight.com over the past seven days.
Solvency II: To 2015 and beyond
Solvency II implementation is almost upon us but, as Martin Bradley and Jan Leiding explain, European insurers' preparedness varies significantly between countries and companies.
More pragmatic solution for Solvency II needed, says L&G chief
The head of UK insurer Legal & General has lambasted proposed Solvency II measures, saying they are unlikely to work in their current form and may need to be redrawn, Reuters reported.
DLG to axe 70 leadership roles
Direct Line Group is to scrap 70 senior leadership roles across the business as part of the next phase of a programme to achieve £100m in gross annual cost savings by the end of 2014.
Indian insurers and the international expansion challenge
Foreign expansion is touted as the way forward for Indian insurers. But, while some may look overseas for growth, establishing a business outside the country is not an option for most of India's insurers.
US APH liabilities may come back to haunt European insurers
European insurers wanting an idea of the trends coming their way often look to their cousins across the water, knowing that the problems for US insurers today are likely to plague European carriers tomorrow.
Post magazine - 25 October 2012
The latest issue of Post is now available to subscribers as a digital and interactive e-book.
Solvency II: The waiting game
With the possibility of further delays to the implementation of Solvency II seeming ever more likely, what will be the impact on insurers?
Cameron McKenna backs FSA Solvency II timetable change
City law firm Cameron McKenna has commended the Financial Services Authority for adapting its implementation timeline for Solvency II.
FSA changes Solvency II compliance timetable
The Financial Services Authority will work on firms' Solvency II internal model approval until 31 December 2015.
UK regulator allows more time for Solvency II implementation
The Financial Services Authority has given insurers more time to get ready for Solvency II, anticipating that disagreements over the final rules could delay its introduction by two years.
Nearly half of insurers won't be Solvency II ready by 2014
While 57% of insurers across Europe think they are on track to comply with Solvency II by January 2014, readiness varies significantly by country, according to Ernst & Young.
Solvency II unlikely to be implemented until 2016
Solvency II rules may not take effect until 2016, Gabriel Bernardino told The Wall Street Journal this week.
Almost half of insurers struggling with Solvency II deadline
Some 43% of European insurers are unlikely to be prepared for Solvency II by 2014, research by Ernst & Young has revealed.