The senior managers insurance regime (SMIR) is a clear marker that staff will need to demonstrate the steps they took to meet regulatory requirements, according to a lawyer.
The Prudential Regulation Authority (PRA) has published its expectations on supervisory reporting and public disclosure for firms within the scope of the Solvency II directive.
Proposed changes to the Institutions for Occupational Retirement Provision (IORP) directive would make it harder to consolidate pension schemes, consultancy Towers Watson has warned.
Pillar 3 reporting has been the long-neglected aspect of Solvency II and it is now sharply in focus for many firms as they realise the immense effort needed to prepare ahead of 1 January 2016
With Solvency II model applications now in, attention is turning to the strategic implications of the new regime. Simon Woods explores the challenges and opportunities
The European Insurance and Occupational Pensions Authority (EIOPA) has warned against the use of internal models to reduce capital requirements under Solvency II.
The Prudential Regulatory Authority (PRA) has set out draft proposals covering the use of internal and partial internal models to calculate solvency capital requirement (SCR).