Solvency II - update
1 May 2012
Entering the final countdown towards Solvency II
This document summarises the most relevant aspects of Parliament’s recent proposals and compares them with Council’s position. Read the full article.
19 April 2012
Pillar 2 Challenging your own risk culture
Pillar 2 is the catalyst to challenge insurers’ risk culture, governance and risk management. But how do you interpret and apply the regulations to create an efficient risk management process? Read the full article.
17 April 2012
Asset management and Solvency II
How asset managers and asset servicing companies can use Solvency II as an opportunity to attract more business from insurers. Read the full article.
10 April 2012
Building Solvency II equivalence into your strategic plans (Video)
Questions over equivalence under Solvency II could have important implications for how your business is structured, where it is domiciled and decisions over reinsurance and acquisitions. Read the full article.
28 February 2012
Learning from the Lloyd’s experience
Syndicates at Lloyd’s have already submitted their internal model applications. What can life and non-life insurers learn from their experience to make their lives easier? Read the full article.
17 November 2011
Putting Solvency II into practice
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. Read the full article.
14 November 2011
A step forward for Solvency II reporting requirements
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. Read the full article.
14 November 2011
Risk of delay: Getting Pillar 3 on track, November 2011
Pillar 3 can’t be put off any longer. So how can you get Pillar 3 implementation on track, who should be involved and what are the potential bottlenecks? Read the full article.
8 November 2011
Solvency II and real estate
The implementation of the Solvency II regulations for European insurance companies is of huge significance for the real estate industry. Furthermore, the European Insurance and Occupational Pensions Authority (EIOPA) has a consultation process running until January regarding the extension of a Solvency II type regime to some or all defined benefit pension schemes. This will potentially have an even greater impact for the real estate industry than the application of the rules to insurance companies. Read the full article.
28 September 2011
What you need to know to survive Solvency II
Drawing on our work with clients and regulators, we share opinion on latest developments in Solvency II. Read the full article.
28 September 2011
Maximising value from your reinsurance spend
For CEOs and CFOs looking to differentiate their company and demonstrate value creation, using their Solvency II capital model to identify hidden redundancies in reinsurance spend is an easy win. The gains from making use of the capital models in this way go straight to the bottom line. Read the full article.
28 July 2011
Is a full internal model a step too far
Whether to opt for an internal model, the standard formula or one of the options in between is one of the most crucial decisions within Solvency II. It not only affects your firm's capital requirements, but also the way the business is managed and perceived by stakeholders. With the decision not always being clear-cut and also subject to possible change over time, what are the key strategic, capital management and cost-benefit considerations that can help you to make the right choice for your company, both now and in the future? Read the full article.
28 July 2011
Managing the impact of Solvency II on your credit rating
The overlaps between Solvency II and rating agency analysis suggest that your implementation plans and strategic response to the Directive may have an important influence on your credit rating. However, achieving an improvement in your credit rating as a result of your investment in more effective risk management may be harder than many would hope. So how are rating agencies responding to Solvency II and how can you seek to ensure that the impact on your rating is not negative? Read the full article.
28 July 2011
Managing spreadsheet risks
While spreadsheets will remain an important tool under Solvency II, they can be inherently difficult to control. How can you manage the risks more effectively? Read the full article.
08 July 2011
Validating your model
If your company wants to achieve internal model approval in the first wave, model validation should be underway. What does model validation involve? What are the potential pitfalls? And how can you get your validation on track without tying yourself up in needless effort? Read the full article.
31 May 2011
Taking the strain out of technical provisions
Getting to grips with the technical provisions is proving to be one of the toughest and most time-consuming aspects of Solvency II. Are there any ways to make it simpler? Read the full article.
19 April 2011
What do the FSA changes to internal model approval mean for you? Following yesterday's announcement of the FSA changes in approach to internal model approval, PwC looks at what has changed, what it means and the implications for your Solvency II programme. Read the full article.
21 March 2011
Understanding the implications of QIS5. 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. Read the full publication.
28 February 2011
Confidence in your capital - The Solvency II data directory. Meeting the challenge of documenting the data for Solvency II can be daunting. How can it be done efficiently and effectively whilst adding value? View the video.
23 February 2011
Making your capital work harder: The fifth quantitative impact study (QIS5) has demonstrated that capital management structures that are tailored to existing regulation are less likely to be efficient under Solvency II. What can you do to improve your capital position? Read the full publication.
26 January 2011
PwC responds to the consultation document issued by the Commission Services on the Level 2 implementing measures for Directive 2009/138/EC on the taking-up and pursuit of the business of Insurance and Reinsurance (‘Solvency II’) Read the full response.
25 January 2011
Meeting the people test, January 2011 Models don’t make decisions, people do. The most critical aspects of the Solvency II use test are the buy-in, understanding and behaviour needed to make sure that risk considerations are at the forefront of decision making - the ‘people test’. How can you make sure that your people pass the test? Read the full article.
30 November 2010
Getting set for Solvency II, November 2010
Getting set for Solvency II outlines the findings of a PwC survey looking at European insurers’ readiness for implementation. The survey aims to provide a benchmark against which insurers can compare their progress.
22 October 2010
Getting to grips with Solvency II, October 2010
PwC IFRS and SII specialists have joined forces to examine the differences and similarities between the new IFRS Exposure Draft and Solvency II. In this report, we start to assess how reporting systems, management evaluation and market communication will be affected.
21 October 2010
The latest six articles in PwC's flagship publication Countdown to Solvency II are now available. Review the online Countdown to Solvency II.
20 October 2010
PwC sponsored the Association of British Insurers' Solvency II Conference. It attracted 300 insurance industry professionals to hear Karel van Hulle (Head of Unit, Insurance and Pensions, Financial Institutions, European Commission), Gabriel Bernadino (CEIOPS Chair) and PwC Solvency II specialists. Review the conference highlights.
14 September 2010
As brokers tend not to carry underwriting risk, many might assume that they will be largely unaffected by Solvency II. However, brokers are key providers of risk data and advice to underwriters and, in some cases, underwrite directly for their customers. This article examines the implications for three main areas: Reinsurance broking; direct broking and agency relationships; and captive management.
Increasing speed: Solvency II set to accelerate broking market developments, September 2010
13 September 2010
Drawing on our research and work with clients, the guide covers areas that are causing the greatest difficulties for insurers or may have been missed altogether. The focus is on the practicalities rather than the technicalities, along with the implications for the strategy and management of the business.
The Survivors Guide to Solvency II, September 2010
19 July 2010
The latest two articles in PwC's flagship publication Countdown to Solvency II are now available. These two articles explore risk management and how it can be a valuable management tool, as well as a guide to undertaking QIS 5. Review the on-line Countdown to Solvency II.
6 July 2010
The QIS5 exercise will run from August to November 2010. Participation constitutes one of the qualification criteria for firms wishing to join the FSA's internal model approval process. Here, PwC subject matter experts provide an overview of QIS5 itself and how PwC can help. Review: QIS5 How PwC can help you.
22 June 2010
PwC has launched two new interesting articles on its flagship publication Countdown to Solvency II on-line platform. These two articles cover effective communication in a Solvency II world and how to integrate Solvency II into business as usual to deliver sustainable business benefits Review the on-line Countdown to Solvency II
10th May 2010
PwC launched a new series of webclips with subject matter experts from their pan-European team providing an overview on key topics. First in the series 'addressing key issues' is Charles Garnsworthy giving an overview of Solvency II in The coming shake-up: Overveiw of Solvency IIand discussing internal models in Use it, don't lose it: The internal model approval process.
5 May 2010
PwC launched three articles in the Countdown to Solvency II series. The latest articles cover Solvency II and M&A, Pillar 3 and disclosure, and meeting the use test.
Review the on-line Countdown to Solvency II
16 March 2010
PwC launch 'Solvency II: A guide to the new regime' - written by PwC Solvency II specialists, this first edition is designed to help readers navigate the numerous publications that shape the new Solvency II regulatory framework in a logical and clear manner. Find out more including how to order your copy.
1 March 2010
PwC launched its flagship publication Countdown to Solvency II on-line. With three new articles covering risk management, internal models and data quality, this is a must read for all those wanting to understand the implications of Solvency II. Review the on-line Countdown to Solvency II
