Solvency II
Solvency II setbacks taking toll on insurer budgets
Rising numbers of insurers believe the industry will miss the January 2012 compliance deadline for Solvency II, according to a survey conducted by the Economist Intelligence Unit on behalf of Deloitte.
Deloitte reports growing number of insurers fear Solvency II delays
The latest edition of the annual Deloitte Solvency II survey shows that a rising number of insurers believe the industry will miss the January 2014 compliance deadline.
Insurer boards urged to take risk control more seriously
Insurance company boards have failed to adopt anything beyond a "general tick-box attitude" to risk culture, a consultancy firm has warned.
Solvency II poll result
Barnett Waddingham has criticised insurance firms over Solvency II readiness.
Q&A with RSA's Phil Bulgin
Despite media coverage of Asia's restrictive and sometimes protectionist regulatory regimes, the markets remain appealing to foreign insurers. Philip Bulgin, RSA's head of mergers and acquisitions in emerging markets, spoke to Francesca Nyman about Asian…
Deutsche Bank analyst admits surprise at Aviva UK GI slowdown
Equity analyst Deutsche Bank has admitted surprise at Aviva's UK result this morning.
Will Aviva's composite model help deliver increased shareholder value?
Aviva's high-profile boardroom bloodbath, which saw much-derided chief executive Andrew Moss ousted by angry shareholders, has laid bare the composite insurer's trading model.
Harris joins Torus as group CFO
Tim Harris has joined Torus as group chief financial officer.
Top 10 news stories
The top 10 most popular articles published on insuranceinsight.com over the past seven days.
Solvency II detractors told to end futile griping
European insurers should stop complaining about the impending regulatory overhaul as they have had ample time to make preparations, according to Old Mutual finance director Phillip Broadley.
Extraterritorial regulation prevents firms entering foreign jurisdictions
Extraterritorial regulation is preventing financial firms from entering overseas jurisdictions, according to a recent survey.
Solvency II not just about capital requirements, says Bernardino
Solvency II should be seen as more than a "check the box" regulatory exercise that determines capital requirements, according to Eiopa president Gabriel Bernardino.
Redomiciling still an option for dissatisfied Prudential
Prudential may still relocate outside the European Union as its lobbying campaign to alter Solvency II rules has failed to make a breakthrough thus far, according to Reuters.
Top 10 news stories
The top 10 most popular articles published on insuranceinsight.com over the past seven days.
Uncertainty over Solvency II start date affects firms' preparations
Over 75% of insurance companies believe Solvency II implementation will be delayed beyond the intended start date of 1 January 2014, according to research by UK firm Barnett Waddingham.
Insurers expect further Solvency II delays
More than three quarters of insurance companies believe that the Solvency II implementation date will be delayed beyond 1 January 2014, according to research conducted by actuary Barnett Waddingham.
UAE wins solvency reprieve
United Arab Emirates' insurance companies have won a three-year reprieve on solvency issues.
EIOPA says regulators must overrule Solvency II confidentiality agreements
The European Insurance and Occupational Pensions Authority has ripped up confidentiality agreements between insurers and third-party Solvency II consultants selling validation models.
Diversification key to favourable ratings for mutuals
The unique characteristics of mutual insurers mean that some are being encouraged towards diversification by regulators and rating agencies, according to a report by Willis Re.
Canopius makes play for Omega in bid to grow PE-backed Lloyd’s insurer
Canopius chairman Michael Watson has acted on ambitions to grow his private equity-backed Lloyd's insurer, with a £164m takeover of struggling Omega in a deal that sees a slice of the business sold to US insurer Tower Group.
Redomiciling: London calling as tax changes make the UK more attractive
Will a reduction in corporation tax and changes to the Controlled Foreign Companies regime make the UK a more attractive place to domicile?
US Solvency II equivalence suffers setback
The US National Association of Insurance Commissioners has been vocal in its opinion of the EU's aim to make the country a Solvency II equivalent.
Internal model key to insurers' infrastructure investments, says Fitch
The future ability of insurance firms to invest in infrastructure projects is likely to depend on whether they use internal models to determine their Solvency II capital requirements, and can persuade regulators that infrastructure investment merits…
Spotlight On Technology: The age of uncertainty
With conventional wisdom being challenged in recent years, clarity over what models can and cannot do is urgently needed.