Solvency II
Eiopa urges insurers to use ORSA guidelines
The European Insurance and Occupational Pensions Authority has published its final report on the draft guidelines for Own Risk and Solvency Assessment.
Solvency II timetable faces more delays after failed talks
Solvency II regulations could face more delays after talks to finalise the legislation ended without conclusion, according to a UK insurers trade body.
Insurers in 'limbo' after Solvency II meeting ends in stalemate
The Association of British Insurers has warned of further Solvency II delays after decision makers in Brussels failed to agree on the final draft of the directive.
Eiopa guidelines give clarity now insurers must act say analysts
Insurers were urged to get their final Solvency II preparations underway following the release of Eiopa’s Guidelines for Solvency II Reporting & Disclosure this week.
Solvency II report is progress, analysts say
Market analysts have praised the "encouraging" European Insurance and Occupational Pensions Authority's report on the benefits of current Solvency II templates.
Insurers urged to use proposed Solvency II templates
The European Insurance and Occupational Pensions Authority has "strongly" advised insurers to start using the proposed reporting templates for Solvency II as a basis to start the implementation phase.
Hardy boss looks to the future after restructure and sale are finalised
Hardy chief executive Barbara Merry has said the business can now “look to the future”, following a restructure of its property treaty book and conclusion of its sale to US insurer CNA.
Solvency II implementation date confirmed
The 1 January 2014 implementation date for Solvency II was confirmed by the European Parliament today.
A mutual future?
Regulations like Solvency II will have a significant impact on mutuals across Europe. Francesca Nyman asks whether the model will survive.
Accounting Standards: Slow but steady
Eight years since the 'interim' International Financial Reporting Standards were introduced, progress is still slow on final implementation.
Top five European news stories
The top five European stories from www.insuranceinsight.com over the past seven days.
Insurers change approach to calculating capital ahead of Solvency II
As European insurers continue their Solvency II preparations many are changing their approach to calculating capital adequacy requirements, according to Deloitte.
EU insurers to bounce back from possible Greek euro exit
The European insurance sector should be able to absorb shocks arising from a hypothetical Greek exit from the euro, provided the exit was orderly.
Insurer approach to Solvency II is more 'sophisticated', report finds
Insurers have upped the ante in their preparation for Solvency II with 60% increasing the sophistication of their approach.
Barnett Waddingham hires Solvency II boss
Actuary Barnett Waddingham has appointed Cameron Heath to lead the expansion of the firm's Solvency II offering within its insurance consulting practice.
FSA kept budget spending down, annual report reveals
The Financial Services Authority deliberately underspent on its annual budget as it was “very conscious of the need to control costs, particularly given the difficult environment that firms are operating in”.
European insurers remain well capitalised, says Eiopa
The majority of European insurers are well capitalised in terms of current Solvency regulations, although Solvency capital ratios are starting to decrease slightly, according to the European Insurance and Occupational Pensions Authority.
German financial watchdog on the hunt for new insurance head
Germany's financial regulator Bafin is seeking a new head of insurance supervision following Gabriele Hahn's move to a new role after only 18 months in the job.
Nordic insurers will need bigger investment adjustments under Solvency II
Nordic insurers will need to make bigger adjustments to investment portfolios because of the likely requirements of Solvency II, according to Fitch.
Nordic insurers urged to make bigger adjustments to investment portfolios
Nordic insurers need to make bigger adjustments to their investment portfolios because of the likely requirements of Solvency II.
Managing general agents: A surge in popularity
Managing general agents are certainly on trend and increasing their interaction with insurers but, with some companies still suspicious of their value, will their popularity last?
FSA to end client exposure and abolish unclear risk transfer agreements
The Financial Services Authority is to publish a consultation on changes to its client money rules around risk transfer by the end of this month, in a bid to abolish ambiguous insurer agreements.
Barnier "hopeful" of political agreement on Solvency II
Despite "rapid progress" being made, Solvency II may not apply from 1 January 2014 if political consensus is not reached in the next few weeks, according to Michel Barnier.
Strong growth prospects for Nordic life market
Growth prospects for the Nordic life insurance markets remain strong, but insurers will have to assess the viability of selling contracts with investment guarantees due to high capital charges under Solvency II, according to Fitch.