Over the course of 2013 the Financial Conduct Authority (FCA) are conducting a thematic review into competition and pricing within the UK annuity market. The FCA has yet to release details about the structure of the review, although the regulator has given hints as to its purpose and style. It is expected to last until at least the autumn and will be performed in two phases.
Our paper provides an overview of the content and process surrounding the European Insurance and Occupational Pensions Authority (EIOPA) draft guidelines and potential next steps for companies. The draft guidelines are commonly known in the industry as Interim Measures for Solvency II.
If your business is seeking internal model approval, you could now benefit from a new way to assess your capital. ‘ICAS+’ opens the way for using internal Solvency II models as the basis for Individual Capital Assessments (ICA).
We explore the strategic and practical issues facing insurers as they implement the Solvency II insurance reporting and disclosure requirements under Pillar 3.
Despite continued delays, Brussels remain deeply committed to the introduction of Solvency II. In this short video, Insurance Day Editor Richard Banks discusses the key challenges facing the industry with PwC Partner Jim Bichard and PwC Director Tim Edwards.
A key focus of the continuing debate within Europe over IFRS for insurance contracts is how closely the basis of measurement will correspond to Solvency II. Alignment between IFRS and Solvency II would open up valuable synergies in data management, modelling and investor relations and enable companies to avoid the expense and disruption of 'digging up the road twice'.
We consider the two polarised approaches that insurers appear to be taking in response to the delay.
The timing of Solvency II parliament approvals is becoming critical if 1 January 2014 is to remain the effective date. Our short video discusses the challenges.
Watch a video outlining how insurance regulators are actively working on a range of insurance directives in addition to Solvency II.
This PwC briefing is designed to help insurers look at the underlying trends that are shaping the latest regulatory developments, the thinking behind them and the implications for their strategy and operations.
Summary of the European and UK regulations that financial services firms are facing in respect of their remuneration and reward arrangements.
This document summarises the most relevant aspects of Parliament’s recent proposals and compares them with Council’s position.
As the FSA starts the journey towards incorporating Solvency II requirements into, it looks to consult on some key aspects of implementation in the UK.
Latest proposals from EIOPA provide insurers with a largely stabilised package of quantitative reporting requirements giving more certainty for their reporting workstreams to move forward.
The Government continues delivering on its commitment to reform financial regulation in the UK with a paper about the future of insurance regulation in the UK. We uncover what these proposals mean in practice.
The results from QIS5 published by EIOPA show that in many areas the requirements tested were broadly appropriate, but a significant number still require change.
The Financial Services Authority (FSA) proposes significant changes to the rules concerning the governance of with profits-funds and how insurers go about treating their with-profits policyholders fairly.
The Financial Services Authority (FSA) plans to introduce Employers' Liability Registers