Unlocking the mystery of the risk framework around ORSA

As part of the Enterprise Risk Management Framework, Pillar 2 requires firms to undertake an Own Risk and Solvency Assessment (ORSA) to demonstrate “sound and prudent management of the business” and assess overall solvency needs. This article focusses on the … More…

Solvency II: An update (November 2009)

Framework Directive The European Council formally adopted the Framework Directive on 9 November 2009 which will be published shortly in the Official Journal of the European Union. A copy of the final … More…

Solvency II and reinsurance How important is a reinsurer’s rating?

Under Solvency II companies will need to take greater care in selecting their business partners. Choosing a financially strong partner will safeguard competitive advantages for the future.
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Getting to grips with Solvency II: Episode 1 – FSA’s views on Solvency II

Kathryn Morgan – the FSA’s technical specialist on Internal Models, Reporting and Risk – provides her insight into the FSA’s expectations of firms under the Directive. She also gives some background to Solvency II and how it differs from ‘Solvency I’. More…

Getting to grips with Solvency II: Episode 2 – Actions you need to take

Rick Lester and Lis Gibson, Deloitte partners specialising in Solvency II implementation, discuss the steps you should be making to ensure you comply with FSA’s requirements and how you can take advantage of the opportunities the regime offers in the longer term. More…