- The Chartered Insurance Institute-a moving experience
- Marsh & McLennan moves for JLT
- AIR Worldwide estimates industry insured losses resulting from Hurricane Florence’s winds and storm surge will range from $1.7bn to $4.6bn-excluding impact of ongoing unprecedented flooding
- Willis Re annual Silent Cyber Risk Outlook global survey indicates insurers are expecting increased cyber-related losses across all business lines over the next 12-months
- PRA issues consultation paper related to the extension of the Senior Managers and Certification Regime(SM&CR) to insurers
- FCA closes remaining investigations into life insurance sector without taking enforcement action
- Insurance Europe responds to EC proposal for a review of the 2009 Motor Insurance Directive(MID) expired
- Co-operators launches new digital insurance product in two months through Slice Labs Insurance Cloud Service expired
- Aviva completes share buyback prgramme expired
- AXA IM moving to the next phase of its commitment to strengthen Responsible Investment (RI) capabilities expired
- Conning publishes US Life-Annuity Consumer Markets Annual expired
- Five-year dairy farmer microinsurance project launched in Kenya-supported by ICMIF members expired
16th May 2018
Insurance Europe responds to EIOPA consultation on corrections and amendments to the implementing technical standards(ITS) for Solvency II
Insurance Europe has responded to the European Insurance and Occupational Pensions Authority’s(EIOPA) consultation on corrections and amendments to the implementing technical standards(ITS) for Solvency II reporting and disclosure, which included more than 300 new validations.
Insurance Europe said it would be difficult to implement these new validations in time for Q4 reporting, particularly for complex groups. Therefore, Insurance Europe proposes that the new validations should not be obligatory for the first year of application, and only become obligatory in the second year.
In addition, Insurance Europe welcomed the fact that EIOPA included some Q&As in the ITS. However, because EIOPA did not include all relevant Q&As in the ITS, Insurance Europe called for this to be addressed.
Insurance Europe Trends(142 articles)
EIOPA Trends(326 articles)
Solvency II Trends(1,508 mentions in Insurance Newslink)