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Risk & ERM
PRA guidance puts down 'clear marker' on Solvency II responsibilities
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.
13th August 2015
PRA sets instructions on reporting and public disclosure under Solvency II
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.
11th August 2015
Employers should not panic over IORP directive proposals
Proposed changes to the Institutions for Occupational Retirement Provision (IORP) directive would make it harder to consolidate pension schemes, consultancy Towers Watson has warned.
10th August 2015
Multinationals face extra hurdles under Solvency II
Multinational insurers with offices outside the EU will need to define how they are supervised as a group under the Solvency II directive.
31st July 2015
Game, set, and match for Pillar 3 reporting?
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
30th July 2015
Spreadsheet risk and Solvency II
Ralph Baxter looks at the understated risks inherent within spreadsheets, and demonstrates how these might be tackled.
30th July 2015
Leading the way
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
29th July 2015
Internal model should not become a capital optimisation tool, says EIOPA
The European Insurance and Occupational Pensions Authority (EIOPA) has warned against the use of internal models to reduce capital requirements under Solvency II.
8th June 2015
PRA sets out expectations of internal models for 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).
1st June 2015
Solvency II: standard formula will fit most UK firms but should not be default option
The standard formula should be a good fit for most UK insurance firms when complying with Solvency II, but firms still need to assess whether it is appropriate, an actuary has warned.
28th May 2015