solvency ii are we there yet
Download
Skip this Video
Download Presentation
Solvency II: Side Effects

Loading in 2 Seconds...

play fullscreen
1 / 8

Solvency II: Side Effects - PowerPoint PPT Presentation


  • 432 Views
  • Uploaded on

What to do about that medicine they call Solvency II? Side effects on European insurance regulation discussed. Also see SolvencyDeux.com

loader
I am the owner, or an agent authorized to act on behalf of the owner, of the copyrighted work described.
capcha
Download Presentation

PowerPoint Slideshow about 'Solvency II: Side Effects' - Actuary


An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript
solvency ii are we there yet

Solvency II: Are We There Yet?

December 2010 presentation by

Claude Penland, Associate of the Casualty Actuarial Society

www.ClaudePenland.com

what is solvency ii
What is Solvency II?
  • Solvency II is the updated set of regulatory requirements for insurance firms that operate in the European Union.
  • See Wikipedia at http://en.wikipedia.org/wiki/Solvency_II
  • More info at www.SolvencyDeux.com
solvency ii side effects part one
Solvency II Side Effects, Part One
  • Insurers might need to outsource their asset management http://bit.ly/aeaqhy
  • Stock portfolios sold off http://bit.ly/cZ56br
  • Captives might need to be run off http://bit.ly/cYq7w4
  • Specialist employee costs are being jacked up http://bit.ly/9Mt0J0
  • Not enough regulators with experience http://bit.ly/a7i21O
solvency ii side effects part two
Solvency II Side Effects, Part Two
  • International Financial Reporting Standards and Solvency II hit companies twice and from different angles http://bit.ly/9awkgy
  • Demand for bonds may be driven artificially high (and yields low) due to dumping of equities and buying of bonds http://bit.ly/bu3YM3
  • Cost overruns http://bit.ly/cr4tPt
is catastrophe risk appropriately represented
Is Catastrophe Risk Appropriately Represented?
  • Mega Broker says no http://bit.ly/cHHoGz
  • Aon Benfield says no http://bit.ly/9Dbgt3
  • Perils says that’s a mighty big catastrophe that insurers are expected to be prepared for http://bit.ly/9UENg2
solvency ii committees
Solvency II Committees
  • Ironically, they say they must now simplify the plans they’ve charted.
  • Read more at http://www.claudepenland.com/2010/11/30/more-solvency-ii-hand-wringing-coming-out-of-european-mouths/
european pensions
European Pensions
  • Pension Funds & Insurers disagree.
  • Pension Funds don’t want to be regulated by Solvency II.
  • Insurers say what is good for the goose is good for the gander.
  • Read more at http://www.claudepenland.com/2010/12/01/european-insurers-versus-european-pension-funds-who-will-win-the-solvency-ii-argument/
final points
Final Points
  • Most recent Solvency II test results might be released in March 2011 http://bit.ly/aZZF3z
  • Japan, Switzerland and Bermuda are going through “equivalency tests” http://bit.ly/cnA5v1
  • Expect M&A http://bit.ly/ae75Yk
  • Expect Redomiciles http://bit.ly/bnhumt
ad