Solvency II threat lifted in the short term for occupational pension schemes

The European Commission has closed its consultation on extending Solvency II rules to occupational pension schemes. The Commission’s paper discussed proposals in relation to schemes which carried out cross-border activities and for schemes which underwrite risks linked to longevity or … More…

Further Comments from the FSA (UK) on their Discussion Paper on Solvency II

On September 25th, the FSA (United Kingdom) published a discussion paper, Insurance Risk Management – the path to Solvency II. In this article, the FSA focuses on the key messages of the discussion paper, providing a high level summary of key … More…

IT: the iceberg on the route to Solvency 2

IT appears like an iceberg on the route to Solvency II: the visible part is a small set of expectations about data and models in the directive and regulatory papers. But underneath this emerging tip, the implications for IT are … More…

CRO Forum Paper on Addressing pro-cyclicality

In a publication, the CRO forum declared it believed that attention should be paid to the potentially pro-cyclical nature of the Solvency II regulation. In particular, forced sales of assets in market downturns should be discouraged. A decrease in available capital due to distressed … More…

French Presidency publishes amended Solvency II Directive

The French Presidency of the EU has published its Amended proposal for a Directive of the European Parliament and of the Council on the taking-up and pursuit of the business of Insurance and Reinsurance, SOLVENCY II – Presidency compromise text. … More…