Solvency II: the countdown continues - are you prepared?
Solvency II is the new solvency regime for all EU insurers and reinsurers, which also covers the insurance operation of bancassurers. Due to come into effect in 2012, Solvency II aims to implement solvency requirements that better reflect the risks companies face and deliver a supervisory system that is consistent across all EU member states. Insurance-related companies in Ireland need to prepare now for this new solvency regime.
Monthly Solvency II roundup - October
CEIOPS continued to review and respond to over 20,000 comments on the summer papers. The industry awaits the third and final wave of level 2 consultation papers to be released early November. CEIOPS members will run EU-wide stress test in the insurance sector in December.
| Latest Solvency II news - November | |
|---|---|
| 12 November | Myners “delighted” at liquidity premium move More |
| 11 November | CEIOPS’ final advice responds to some industry concerns CEIOPS’ final advice responds to some industry concerns More |
| 10 November | Use Solvency II to hone corporate strategy, says business school More |
| 2 November | CEIOPS releases its third set of advice on Solvency II Level 2 Implementing Measures CP 63-79 More |