Solvency II Archives - Page 4 of 8 - Insurance & Reinsurance

EU: Fifth Solvency II Quantitative Impact Study Begins with a Call for Participation From the European Commission

Aug 27, 2010 | Regulatory, Solvency II | European Union

The fifth Quantitative Impact Study on the Solvency II implementing measures (QIS5) was launched by the European Commission (the Commission) on 23 August 2010. The study will run until November 2010 and the Commission notes that it is aiming for a participation rate of at least 60% of EU insurance and reinsurance companies and 75% of EU insurance groups. Of particular importance to the Commission is participation by smaller insurance companies and insurance providers specialised in specific business lines.

Solvency II – Bermuda and Switzerland in Line for First Equivalency Assessments

Jul 15, 2010 | Regulatory, Solvency II | Bermuda, European Union, United States

On 14 July 2010, the Committee of European Insurance and Occupational Pensions Supervisors (CEIOPS) published its draft advice on equivalence assessments to be undertaken in relation to three areas of the Solvency II directive, being reinsurance, group supervision and group solvency. CEIOPS proposes that in its first wave of assessments, Bermuda and Switzerland should be considered for equivalence in all of these areas and Japan in respect of reinsurance only.

Solvency II: The Insurance Industry’s Biggest Regulatory and Compliance Challenge this Year: How well prepared is it?

Jul 6, 2010 | Industry Developments, Regulatory, Solvency II | European Union

EAPD’s own Ambereen Salamat and Chris Collins were asked by Complinet in its Mid-Year Roundup what the biggest regulatory and compliance challenge this year will be and above all, Solvency II was the resounding response.

EU: Solvency II delayed

May 10, 2010 | Regulatory, Solvency II | European Union

Solvency II will be delayed until 31 December 2012, the EU has confirmed.

EU: Solvency II: draft technical specifications for fifth Quantitative Impact Study (QIS5) published

Apr 21, 2010 | Lloyd's, Regulatory, Solvency II | European Union

On 15 April 2010, the European Commission (Commission) published for consultation draft technical specifications for the QIS5 exercise.

EU: Solvency II – first Level 3 guidance published

Apr 16, 2010 | Regulatory, Solvency II | European Union

On 31 March 2010, the Committee of European Insurance and Occupational Pensions Supervisors (CEIOPS) published the first of its Level 3 guidance for Solvency II.

NAIC Update: International Insurance Relations (G) Committee

Mar 29, 2010 | Regulatory, Solvency II | United Kingdom, United States

The NAIC’s International Insurance Relations (G) Committee (the “Committee”), chaired by Commissioner Kevin McCarty (Florida) met on Friday, March 26, 2010, during the NAIC Spring National Meeting. The Committee received an update on International Strategy and Action Plans and discussed International Association of Insurance Supervisors (“IAIS”) strategic planning, including the Common Framework or Supervision of Internationally Active Insurance Groups (“Common Framework”).

EU: Commissioner in Charge of Solvency II Confirms 2012 Implementation

Mar 23, 2010 | Solvency II | United Kingdom

It has been reported that Karel van Hulle, head of insurance and pensions at the European Commission, confirmed that Solvency II will come into force in October 2012. Speaking at an Insurance Institute of London lecture at Lloyd’s on 17 March 2010, he denied that there were sound reasons to push back the deadline.

EU: Further Delays for Solvency II Implementation; No Exemptions for the Legacy Industry

Mar 11, 2010 | Regulatory, Solvency II | European Union

The head of the Insurance and Pensions Unit at the European Commission, Karel Van Hulle, confirmed that a meeting had been scheduled in early May to discuss extending the current October 2012 implementation deadline for the Solvency II regulatory regime to 1 January 2013.

Bermuda: The Bermuda Monetary Authority Proposes Introducing Group-Wide Supervision in Further Move Towards Solvency II Equivalence

Mar 3, 2010 | Regulatory, Solvency II | Bermuda

The Bermuda Monetary Authority (the BMA) published a consultation paper on 5 February 2010 entitled “Consultation Paper on The Bermuda Monetary Authority’s Proposed Insurance Groups Regulatory Framework” (the Paper). The Paper outlines the BMA’s proposal for the implementation of a group-wide supervisory regime and outlines the conditions under which the BMA would seek to be considered the Group-Wide Supervisor.

Topic: Solvency II

EU: Fifth Solvency II Quantitative Impact Study Begins with a Call for Participation From the European Commission

Solvency II – Bermuda and Switzerland in Line for First Equivalency Assessments

Solvency II: The Insurance Industry’s Biggest Regulatory and Compliance Challenge this Year: How well prepared is it?

EU: Solvency II delayed

EU: Solvency II: draft technical specifications for fifth Quantitative Impact Study (QIS5) published

EU: Solvency II – first Level 3 guidance published

NAIC Update: International Insurance Relations (G) Committee

EU: Commissioner in Charge of Solvency II Confirms 2012 Implementation

EU: Further Delays for Solvency II Implementation; No Exemptions for the Legacy Industry

Bermuda: The Bermuda Monetary Authority Proposes Introducing Group-Wide Supervision in Further Move Towards Solvency II Equivalence

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