Solvency II

By Karl Murray, Eoin King  |  06 March 2019

This briefing note sets out the areas covered by the European Commission’s latest request for the 2020 review of the whole Solvency II framework.

By Karl Murray, Eamonn Phelan, Bridget MacDonnell  |  21 February 2019

In the opening edition, we firstly revisit the rules in specifying the risk-free rate term structure, which forms a fundamental part of the calculation of Technical Provisions (TPs).

By Karl Murray, Eamonn Phelan  |  21 February 2019

In the second edition, we will look at another fundamental part of the specification of risk-free rates used in liability valuation, the Volatility Adjustment (VA).

By Aisling Barrett, Eoin King  |  15 February 2019

This briefing note highlights what’s new for actuarial functions in Ireland to consider at year-end 2018.

By Neil Christy, Stuart Reynolds, William Smith  |  12 February 2019

This analysis of the European life insurance market covers 600 companies from 31 countries and one territory, representing approximately £612 billion (€691 billion) of Gross Written Premium and approximately £6,508 billion (€7,302 billion) of gross Technical Provisions.

By Nicholas Batens, Peter Franken, Kurt Lambrechts, Rens IJsendijk  |  11 February 2019

This report provides a summary of Solvency and Financial Condition Reports and the main players in the Belgian market for both life and non-life undertakings.

By Claire Booth, Thomas Bulpitt, Neil Christy, Emma Hutchinson  |  11 February 2019

This paper summarises a number of the most material developments affecting unit-linked insurance business that occurred during 2018 and which remain areas of ongoing focus.

By Joanne Buckle, Tanya Hayward, Kevin Manning, Judith Houtepen, Ankush Aggarwal, Kishan Desai  |  07 February 2019

This analysis compares information provided in the Quantitative Reporting Templates and the Solvency and Financial Condition Reports and draws conclusions about the balance sheets and risk exposures of European health insurers.

By Joanne Buckle, Kevin Manning, Tanya Hayward, Ankush Aggarwal, Kishan Desai  |  31 January 2019

This analysis compares information provided in the Quantitative Reporting Templates and Solvency and Financial Condition Reports and draws conclusions about the balance sheets and risk exposures of 15 UK private medical insurance and health cash plan providers.

By Thomas Bulpitt, Paul Fulcher  |  29 January 2019

This paper explores the methodologies described by EIOPA regarding the liquidity characteristics of insurance liabilities and considers the potential implications of approaches in both the context of Solvency II and, where possible, IFRS 17.

By Ellen Matthews, Patrick Meghen  |  24 January 2019

To help prepare for Solvency II reporting throughout 2019, we have prepared a briefing note detailing Solvency II reporting deadlines in 2019 and the changes in the reporting framework relative to the previous year.

By Ellen Matthews  |  01 November 2018

EIOPA have published an opinion paper focusing on the impact of Brexit on the solvency position of the EU (re)insurers.

By Kevin Manning, Eamon Comerford  |  11 October 2018

Insurers should consider if their existing investment strategies remain optimal, or even appropriate, under Solvency II.

By Fred Vosvenieks  |  13 September 2018

All firms should be concerned with their resilience to increased volatility, changes in regulation, and operational risk events and be ready with a proactive approach which considers the recovery response in advance.

By Eamon Comerford, Karl Murray, Eamonn Phelan  |  01 August 2018

In this briefing note, we summarise the European Insurance and Occupational Pensions Authority’s recent work on big data, including its launch of an industry survey as part of the thematic review.

By Paul Turnbull, Emma Hutchinson, Fred Vosvenieks, Magnus Wilson  |  19 July 2018

Solvency II presents an opportunity for insurers with significant blocks of unit-linked business to dramatically improve their ability to use large amounts of previously constrained capital and to reduce market risk.

By Fred Vosvenieks  |  12 July 2018

This paper provides an updated summary of the supervisory statement relating to the November 2017 consultation paper CP23/17 “Financial management and planning by insurers”.

By Christopher Clarke, Emma Hutchinson, Stuart Reynolds  |  10 July 2018

At the end of May, the Financial Conduct Authority published final guidance on its approach to the review of Part VII insurance business transfers.

By Ian Humphries, Fred Vosvenieks  |  28 June 2018

In May, the European Insurance and Occupational Pensions Authority launched its fourth stress test exercise for the 42 largest insurance groups in the European insurance sector.

By Edward Morgan, Marcin Krzykowski  |  20 June 2018

Ed Morgan presented an innovative methodology for guiding management decisions based on Solvency II valuation metrics, and Marcin Krzykowski provided insight on the quantitative aspects of SFCRs from the Polish and European insurance markets.