The European Commission has urged insurance and reinsurance companies to participate in Solvency II’s fifth quantitative impact study (QIS5).
Michel Barnier, internal market and services commissioner, said the study’s results will help the Commission make a final decision on the amount of capital that insurance and
reinsurance companies will be required to hold under Solvency II. “We need reliable, extensive and representative data from the market in order to make the right decisions. I therefore
strongly encourage the insurance industry to participate in this exercise.”
25/08/2010
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The Bermuda Monetary Authority (BMA) has published details of its proposals for achieving regulatory equivalence with the European Union Solvency II Directive, including its Own Risk and Solvency
Assessment (ORSA) model
21/07/2010
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The Committee of European Insurance and Occupational Pensions Supervisors (CEIOPS) has said that the US will not be among the first set of countries to be assessed for regulatory equivalence with
Solvency II
21/07/2010
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Solvency II will boost the importance of reinsurance to captive and other insurance programmes, according to a new report launched this week
02/07/2010
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Alan Fleming, head of AIRMIC’s Captive Special Interest Group discusses the implications of Solvency II for captives with members of the group and other industry experts
28/06/2010
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The European Captive Insurance and Reinsurance Owner’s Association (ECIROA) is in talks with members of the Captive Insurance Companies Association (CICA) about
a joint lobbying effort on behalf of captives under Solvency II
22/06/2010
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The Bermuda Monetary Authority has launched a pilot of its internal capital model (ICM) for determining capitalisation
requirements for (re)insurers to ensure compliance under a system of regulatory equivalence with Solvency II
22/06/2010
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Sarah Goddard introduces our Dublin Report 2010. Contributors cover a variety of topics such as key EU developments including Solvency II, proportionality, tax, case studies and an overview of the
industry in the area.
04/06/2010
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The Bermuda Monetary Authority has launched a pilot of its internal capital model (ICM) for determining capitalisation
requirements for (re)insurers to ensure compliance under a system of regulatory equivalence with Solvency II
10/06/2010
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The Federation of European Risk Management Associations (FERMA) has reiterated its concern that ‘excessive levels’ of capitalisation under Solvency II will harm the European insurance
industry.
FERMA said it shared the views expressed in a recent report published by the European Insurance Association (CEA) entitled ‘Why excessive capital requirements can harm consumers and the
economy’.
17/03/2010
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With the end of 2012 deadline for the Solvency II Directive looming, representatives of the UK Financial Services Authority (FSA) will be called upon to answer questions on the Directive at the
‘Captive Live UK’ event this month
02/02/2010
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The Dublin captive industry is preparing for the next stage of Solvency II by producing a set of calibrations for operating the so-called ‘proportionality principle’ with respect to captives.
Sarah Goddard, CEO of the Dublin International Insurance & Management Association (DIMA) said DIMA’s membership, which includes captives, had demonstrated “huge involvement in the second wave of Level II consultation” for Solvency II.
01/10/2009
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