Solvency II
PwC: QIS5 draft specification provides “significant relief” for insurers
Consultants PricewaterhouseCooper has welcomed the European Commission’s decision to depart from Ceiops advice and ease the capital burden on insurers under the QIS5 draft.
Ceiops chair outlines latest thoughts on GI proposals
In a letter to Jörgen Holmquist, director general, European Commission internal market and services directorate general, the Ceiop chair Gabriel Bernardino has submitted the last set of advice on the Solvency II level 2 implementing measures which have…
Video: Post launches the British Insurance Summit 2010
Anthony Gould, group editor in chief, Incisive Media's insurance division talks about the launch of Post's new flagship conference - the British Insurance Summit.
GI industry braces for battle with Ceiops
The Committee of European Insurance and Occupational Supervisors has been urged to lower its solvency capital requirement standard formula following the opening of the pre-application process for internal models.
RSA and Catlin confirm FSA solvency II support roles
RSA and Catlin have been named as two of the insurers which worked with the Financial Services Authority on a Solvency II pilot scheme to design the internal models and work out how they will be approved by the regulator.
GI industry braces for battle with Ceiops
The Committee of European Insurance and Occupational Supervisors has been urged to lower its solvency capital requirement standard formula following the opening of the pre-application process for internal models.
Claims - Controlling Costs: See things differently
Identifying claims leakage is essential for insurers seeking to control costs. Sam Barrett investigates whether new analytics and data visualisation hold the key.
Election 2010 - Industry Q&A: Question time
In the final part of the countdown to the general election, Post took questions from the leading lights of the insurance industry and put them to the three main political parties.
Lloyd's FD: Solvency II no bar to new entrants
Lloyd's has stressed that it has no plans to batten down the hatches and stop admitting new members as the deadline for Solvency II approaches.
Election 2010 - Labour view: Lord Myners interview
In the fifth of Post's six-part series, profiling the major political parties, Mairi MacDonald talks to Lord Myners about Labour's plans and priorities.
Airmic boss blasts draconian Solvency II
Association of Insurance and Risk Managers chief executive John Hurrell has warned captive insurers are at risk from "draconian" Solvency II proposals.
Budget 2010: Government pledges to support insurers on Solvency II
The government has vowed to continue its support to insurance firms ahead of the implementation of Solvency II.
Budget 2010: Government to consult on administration regime for insurers
The government today launched a consultation on proposals to strengthen the administration regime for insurers, ensuring consistent treatment for policyholders of insurance contracts under the insolvency and administration regime.
Airmic: members will have to take Solvency II pain for little gain
The Solvency II reforms as currently proposed would reduce the amount of insurance capacity available to UK businesses and put up the cost of cover, the Association of Insurance and Risk Managers has warned.
ABI director general slams ‘extremely conservative’ CEIOPS' Solvency II approach
New Association of British Insurers director general Kerrie Kelly has criticised the Committee of European Insurance and Occupational Pensions Supervisors for its approach to Solvency II.
Chartis shake-up linked to Solvency II
Chartis UK chief executive Alexander Baugh has been appointed president and CEO of Chartis Europe Holdings.
FSA targets Solvency II and PPI in business plan
The Fiancial Services Authority will focus on Solvency II preparation and the conduct of payment protection insurance providers in its 2010/11 business plan.
Belgian insurer signs deal to help achieve solvency II compliance
Belgian insurance company Mercator has taken Barrie & Hibbert's Economic Scenario Generator. The main application of the ESG will be economic capital management and assistance in ALM decisions.
Ceiops stress test highlights industry resolve in the face of crises
Ceiops has declared that in an adverse scenario, which mirrored the development of capital markets between the end of September 2008 and the end of September 2009, its recent exercise resulted only in a marginal impact of a loss of 10bn euro,…
European risk managers join chorus of concern over Solvency II
The Federation of Europe Risk Management Associations today said that although it supports the goal of Solvency II, its members are concerned by the impact the recommendations of the Committee of European Insurance and Occupational Pensions Supervisors…
Q&A - Markel
In the latest of a regular focus on European insurance companies and brokers, Insurance Insight talks to Esteban Manzano, managing director, Markel Spain.
Mutual body blasts solvency II plans
"If the principle of proportionality introduced by Solvency II does not work in practice, we are likely to see aggressive market consolidation," claims AMICE boss.
CEA: still time to get Solvency II right despite fears over Ceiops
A new CEA report demonstrates that overly prudent capital requirements would restrict the insurance industry's role not only as a risk-absorber but also as an institutional investor financing long-term economic growth.
Election 2010: Interview - Colin Breed MP, Lib Dems
The Liberal Democrats' voice has been prominent during the recent economic turmoil. In the third of Post's six-part profile on all the major parties, Jonathan Swift talks to MP Colin Breed, the party's shadow Treasury minister.