Solvency II

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.

By Claire Booth  |  12 June 2018

In May, the European Insurance and Occupational Pensions Authority launched its fourth stress testing exercise for the European Union insurance sector.

By Bridget MacDonnell, Eamon Comerford, Donal McGinley  |  31 May 2018

At the second Milliman Evening Briefing, Bridget MacDonnell gives an overview of regulatory hot topics for 2018, Eamon Comerford discusses investment strategies under Solvency II and Donal McGinley looks at artificial intelligence and its relevance to actuaries.

By Emma Hutchinson, Jennifer van der Ree  |  23 May 2018

This paper covers recent regulatory developments in the UK in relation to conduct risk, and our observations of best practice for robust conduct risk management frameworks.

By John Bolger, Andrew Kay  |  22 May 2018

At the Society of Actuaries in Ireland’s Annual Convention, Andrew Kay discusses IFRS 17, sharing some insights about practical issues and implementation challenges, including possible synergies with Solvency II.

By Kevin Manning, Eamon Comerford  |  22 May 2018

At the Society of Actuaries in Ireland’s Annual Convention, Eamon Comerford and Kevin Manning discuss investment strategies under Solvency II.

By Mike Claffey, Eoin King  |  15 May 2018

The Isle of Man regulator is consulting with industry on introducing the ORSA as a new regulatory tool for local insurance and reinsurance companies. In May 2018 Mike Claffey and Eoin King presented to the Manx Actuarial Society on the Irish experience of the ORSA under Solvency II.

By Barry Murphy, Cormac Gleeson  |  26 April 2018

Undertakings completing their second full year of Solvency II reporting are required to submit four additional reporting templates, which weren’t required for the inaugural submission.

By Marcin Krzykowski, Jarosław Lech  |  23 April 2018

Our European analysis of the non-life market covers 140 companies from 11 countries, which together comprise more than €141 billion of gross written premium (GWP) and nearly €224 billion of gross technical provisions, and our Polish analysis is based on 14 solo companies pursuing non-life business in Poland, representing circa 89% of the GWP of the Polish non-life market in 2016.

By Marcin Krzykowski, Jarosław Lech  |  23 April 2018

Our analysis of the European life insurance market covers 200 companies from 13 countries, representing approximately €475 billion in gross written premium and approximately €4,700 billion of gross technical provisions.

By Robert Bugg, Lyndsay Wrobel  |  20 April 2018

The proposal to consider applications from internal model firms that include a Dynamic Volatility Adjustment is relevant to UK Solvency II firms and to the Society of Lloyd’s and its managing agents, and most relevant to firms with, or seeking, Volatility Adjustment approval and which use, or may develop in the future, a full or partial internal model to determine the Solvency Capital Requirement.

By Kyle Audley, Jennifer Strickland, Fred Vosvenieks  |  18 April 2018

This paper considers various future routes that the development of insurance regulation in the UK could take due to Brexit and the impact each of these might have on UK insurers.

By Jennifer Strickland, Kyle Audley  |  13 April 2018

Brexit is likely to have a large impact on the insurance industry, and the approach taken towards Solvency II in particular will be a key determinant of the future of UK insurance regulation.

By Simon Cureton, Peter Franken, Judith Houtepen, Kamiel van Langen, Kendall Carolissen, Moussa Ouédraogo  |  12 April 2018

This report provides a summary of the key solvency information of the main life and non-life insurance entities in the Netherlands based on the Solvency and Financial Condition Reports published in May 2017.

By Cormac Gleeson, Ellen Matthews, Bridget MacDonnell, John Mulvihill, Eamon Comerford, David Burston, Jeffrey A. Courchene, Vincent Robert  |  03 April 2018

This update summarises the key feedback received by the European Insurance and Occupational Pensions Authority regarding the final report and the impact, if any, that it has had on the proposals made in the Consultation Paper.

By Joanne Buckle  |  23 March 2018

This report compares and contrasts the information in selected Quantitative Reporting Templates of 13 health insurers in the UK.

By Wouter van Goudoever, Peter Franken, Nicholas Batens, Moussa Ouédraogo, Olivier Mahieux  |  11 February 2018

This report provides a summary of the key solvency information on the main life and non-life insurance entities in Luxembourg based on Solvency and Financial Condition Reports as per year-end 2017.

By Kurt Lambrechts, Moussa Ouédraogo, Dominik Sznajder, Tim Vandenabeele, Peter Franken, Kamiel van Langen  |  26 January 2018

This report is a summary of the Solvency and Financial Condition Reports for the main players in the life, non-life and health insurance business in Belgium, focussing on a subset of insurers in the Belgian market.

By Stuart Reynolds, Neil Christy  |  26 January 2018

This report analyses the European life insurance market, covering 200 companies from 13 countries and representing approximately £422 billion of Gross Written Premium and approximately £4,175 billion of gross Technical Provisions.

By Padraic O'Malley, Andrew Kay  |  25 January 2018

The loss absorbing capacity of deferred tax (LACDT) is one of the key elements of a company’s Solvency Capital Requirement (SCR).