solvency 2

Two upcoming changes to regulatory environments in insurance and banking within Europe are set to increase scrutiny of the sector from those with capital to deploy and could create unmissable opportunities to profit, which may never be seen again, was a conclusion of a roundtable discussion moderated by Opalesque.

The insurers and reinsurers of this world are currently operating in a changing regulatory and legislative environment, with greater focus being placed on risk management, capital adequacy and risk capital requirements as rulemakers seek to ensure the industry is sufficiently shored up to cope with major events. The economic climate is increasing the focus on […]

Reinsurance broker Willis Re has published an interesting report looking at the potential impact of the new RMS V11 risk model when used to calculate catastrophe exposures for European windstorm risks including storm surge. It’s interesting to read as most of the focus to date has been on the impact of the new risk model […]

We’ve written a number of times about the impending Solvency II rules and what impact they could have on the insurance-linked security and catastrophe bond market. The general consensus is that the increased need for re/insurers to prove their capital adequacy will lead to a greater focus on risk transfer. This article from eFinancialNews.com (a […]

We covered two interesting insights from Aon Benfield’s recently published ILS Second Quarter Update 2011 report last week when we wrote about the Aon Benfield ILS indices and the heightened interest in catastrophe bonds among Japanese insurers. A third insight from the report looks at the cat bond market in Europe and the potential for […]

KPMG reports today in a press release that the volume of pension buy-in deals in the UK has reached over £3 billion in the past year. Buy-ins see pension funds transfer some of their liabilities to the insurance market often with the sole purpose of offloading the longevity risk which is inherent in many large […]

Guy Carpenter have published their third in a series of publications looking at Solvency II and how re/insurers operating in Europe can prepare for the new regulatory regime, what issues may arise and any risks for cedents. The first report from the series can be found here, the second here.

We’ve written a few times about the potential for insurance-linked securities and catastrophe bond type risk transfer transactions to be recognised under the new Solvency II regime as forms of capital relief (find one of our previous articles here). The reduction in risk they offer could be recognised in Solvency II calculations if that received […]

With Solvency II due to come into effect during 2012 re/insurers are assessing the capital requirements specified under the new regulatory regime. One of the main changes under Solvency II will be the requirement for re/insurers to have greater catastrophe reserves in place as part of the capital adequacy requirements.

Aon Benfield has stated in a press release today that the formulas for calculating natural catastrophe capital requirements under the proposed Solvency II Standard Formula are outdated and ignore 15 years of evolution in the field of risk modelling. In response they are offering a suite of services to help re/insurers make the most of […]