Insight & Analysis

Markel uses EMB Igloo to prepare for Solvency II

Using Igloo, Markel has identified a path to achieve its ambition of integrated financial, management and capital planning. Along the way, and with EMB’s support, it is improving business management and understanding of issues such as natural catastrophe exposure, reinsurance purchase and capital allocation.  More

FSA seeks to maintain momentum for Solvency II - May 2009

In the wake of the votes by the European Parliament and ECOFIN to approve the Solvency II Directive, the Financial Services Authority (FSA) in the UK has set some new targets for UK-based insurers in ‘Dear CEO’ type letters. More

FSA feeds back on Solvency II paper - May 2009

The Financial Services Authority in the UK has published a feedback report – DP09/01 – in which it outlines the effects of changes in the economy and the Solvency II Directive since the publication of its discussion paper DP08/04 in September 2008 and reports on comments received from the insurance industry on the same report. The FSA has taken the opportunity to stress to insurers that implementation of the Directive is following the original timetable of October 2012 and that firms should have completed or be in the process of completing a gap analysis to identify shortfalls in compliance. More

CEIOPS pushes on with Solvency II implementation - May 2009

The Committee of European Insurance and Occupational Pensions Supervisors (CEIOPS) has produced a report ‘Lessons learned from the crisis (Solvency II and beyond)’ that examined some of the implications of the global economic downturn on how the Directive might be implemented. Our experts have analysed this report and summarised the key points. More

Putting Solvency II into perspective for small and mid-size insurers - April 2009

Smaller national and regional insurers are typically among the best capitalised across Europe. Yet, even in a business climate which increasingly appears preoccupied with financial measures of health, Solvency II requires such companies to have a concerted plan of action up to implementation. Rather than regarding Solvency II as a regulatory burden, EMB believes the Directive offers great opportunities to those smaller firms willing to embrace them.  More

Looking beyond capital ratios to ORSA requirements of Solvency II - April 2009

The ORSA (Own Risk Solvency Assessment) requirements of the Directive pose a far greater challenge to insurers than the minimum and solvency capital requirements.More

Travelers use financial modelling to successfully comply to regulation - April 2009

Case study looking into how Travelers used financial modelling and EMB Igloo™ for regulatory compliance and ERM. More

QIS4 receives encouraging response - Nov 2008

CEIOPS has published its full report on the findings of QIS4. 1,412 companies, representing all 30 European Economic Area countries and including over 100 cross-border groups, took part in this round of Quantitative Impact Studies, up from 1,027 in QIS3. Participation of cross-border groups more than doubled to over 100 organisations. Read the full CEIOPS report.

Making the most of Solvency II

Guidance document aimed at helping you with the planning for and implementation of Solvency II. More

EMB helps RSA transform group strategy using ERM and financial modelling

Working with EMB, RSA has used ERM, supported by financial models, to help transform the management of the group. This has improved performance in all areas and significantly strengthened its financial position. More 

Action plans for Senior Management

The UK Financial Services Authority (FSA) has unveiled its important latest advisory paper on Solvency II. By publishing its detailed Discussion Paper ‘Insurance Risk Management: The Path to Solvency II’, it’s clear the FSA is very focused on driving the UK insurance industry to meet the forthcoming Solvency II requirements. Click here to read EMB’s analysis of this paper. Click here to read the FSA Paper.

 

 

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