May 10, 2011
A new poll, conducted at a recent Towers Watson Solvency II seminar, concludes that “almost half of insurers do not have an effective way of measuring and managing the risk culture within their organization.” As a result, Towers Watson warned …
April 29, 2011
In a response to the proposals to restructure the UK’s financial regulations the Lloyd’s Market Association (LMA) has taken issue with some of the proposals, which, in its view are “over-engineered” and excessively “bank centric.” “The future regulation of the …
April 20, 2011
EDHEC-Risk Institute has announced that it will conduct research in cooperation with Russell Investments in order to “design new benchmarks for European insurance companies that are representative of a dynamic allocation strategy between bonds and equities. “The aim of the …
April 13, 2011
Insurers are meeting their solvency requirements in greater numbers than anticipated and the result is that the Solvency II regulatory scheme will not result in a capital deficit for the insurance industry as a whole. The latest impact study (Solvency …
April 1, 2011
His voice was a little husky, but Luke Savage – Lloyd’s Director of Finance, Risk Management and Operations – was still pleased to talk to the IJ about Lloyd’s financial results for 2010, which were released on Wednesday, March 30. …
March 8, 2011
A report from A.M. Best Co. provides a timely analysis of the fast approaching implementation of the European Commission’s long-awaited Solvency II insurance regulations, which are now scheduled to come into force as of for January 1, 2013. Best noted …
March 7, 2011
As business becomes more globalized, the financial services industry, including insurance, has recognized the need to keep up with the changing times. Both U.S and European Union regulators have therefore embarked on several initiatives requiring mutual discussion and cooperation, as …
February 24, 2011
A bumper equity issue from Aegon and a disappointing dividend from Allianz stirred fresh fears about European insurers’ capital strength on Thursday, weighing on their shares. The capital-boosting measures by Allianz and Aegon suggest the industry is worried Europe’s Solvency …
February 22, 2011
Aon Benfield, the global reinsurance intermediary and capital advisor of Aon Corporation, is calling for a “simplified Internal Model Approval Process (IMAP) for natural catastrophe risk that would encourage insurers to better quantify these exposures under Solvency II.” Aon noted …
February 18, 2011
The UK’s Conservative government recently announced the long awaited regulatory reform proposals for financial services, covering both banks and insurers. They are far reaching, and will require changes in the way the UK’s insurance industry is regulated. As a result …