Tag Archive for Insurance Europe

Solvency II: harmoniser or destroyer?

The principle of proportionality is essential for applying Solvency II to match the size and risk profile of the entity. Currently there is not enough guidance on how it will be applied, prompting many SMEs to ask: will Solvency II be a harmoniser or destroyer?

Data challenges for Solvency II group supervision

Why group supervision? Solvency II introduces a holistic approach to group supervision. Group activity will be monitored at the highest level at which decisions about the group are being taken. EEA insurance groups will now have a single regulator for the entire group and will have the option of reporting at group level. This change…

Solvency II news: 6 April 2011

Contents: coverage of letter to European Commissioner, German occupational pensions, tweets Letter to European Commissioner – from “urging” to “war” In a letter to the European Commissioner, Michel Barnier, leading insurance industry bodies called for a correction of the Solvency II implementation measures. The letter received a full gamut of coverage in the press. The…

Solvency II news: 4 April 2011

Contents: tight Solvency II deadline, Solvency II 101, addressing Catastrophe Risk in QIS 5, tweets Practical preparation for Solvency II on “knife edge” The final Solvency II legislative package will only be finalised in Autumn 2012. In the European Committee First Quarter Update, the ABI said the delay is a result to a number of changes…