The Solvency II directive, published in November 2009, aims to create better levels of disclosure, transparency in the insurance sector and effective supervision of the industry. It codifies and harmonises EU insurance regulation. Solvency II came into effect in January 2016 following the EU vote on the Omnibus II directive in March 2014. This page features articles, books and online resources providing guidance and analysis.
What's on this page?
- Online articles
- Useful links from ICAEW, European Commission and UK government
- Guides, surveys and organisations
- Solvency II information hubs from accountancy firms
- Articles and books from the Library
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A practitioner's guide to Solvency II
G Maddock (ed), (Sweet & Maxwell, 2016)
A complete guide and explanation of the Solvency II regime
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The evolution of insurance regulation in the EU since 2005
This publication looks to provide a bigger picture view of the impact and future of financial regulation in the EU. Chapter 9 looks at insurance regulation in the EU with a detailed section on the Solvency II process
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Tussle over UK insurance regs heats up ahead of Brexit
The article reports on the position of the British Prudential Regulation Authority (PRA) on its interpretation of Solvency II amid pressure from politicians and industry bodies. Topics include the change made by Solvency II on insurance regulation across Europe since its introduction in 2016, criticism against the rule, and a feature of the rules that is particularly used by British life insurers.
Evolution or regulation? How Solvency II will change the balance between reinsurance and ILS
The authors introduce a theoretical framework and run an empirical analysis to assess the potential impact of Solvency II on the market volume of ILS compared to traditional reinsurance. Judging by the findings, they expect Solvency II to increase the volume of ILS to more than 24% of the global property-catastrophe reinsurance limit or approximately $101 billion by the end of 2018.
Brexit solvency II equivalency likely
The article informs that ratings agency AM Best has revealed that Great Britain is likely to be granted Solvency II equivalency after leaving the European Union. Yvette Essen, AM Best's director, research and communications for Europe and emerging markets, Prudential Regulation Authority (PRA) of Great Britain has established itself as a strong regulator, and reinsurers may have to post collateral to support EU-sourced business..
Finding balance: Solvency II seeks to ensure adequate capital levels, but is often viewed as a constraint on insurers' investment strategies
The article discusses the Solvency II regulation of the European Union (EU) that give insurers the reason to consider shifting away from yield and toward low-risk assets. It mentions that Solvency II ensure that insurers have enough capital to protect against unforeseen losses. It notes that a gradual increase in interest rates in the EU could help insurers generate more income on their investments..
Articles and books in the Library collection
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