FERMA concerned by ‘excessive’ capitalisation

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’.

FERMA extends reach to Spain and Turkey

The Federation of European Risk Management Associations (FERMA) has increased its membership to 17 with the addition of Spanish association Iniciativa Gerentes De Riesgos Españoles Asociados (IGREA) and the Enterprise Risk Management Association (ERMA) from Turkey 06/10/2009 more//

Aon: growth signs in employee benefits and emerging markets

Aon has announced a set of risk and insurance predictions that anticipate growth in both captive employee benefits risk financing and the emerging markets of Asia-Pacific, the Middle East and the Far East.

The ‘Crystal Ball Predictions 2009’ are being released ahead of the FERMA Risk Management Forum 2009 and relate to likely developments in the Q4 2009 and Q1 2010.

Dublin captives ‘primed’ for next stage of Solvency II

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.

Solvency II will force captive closures

27/07/2009 more//