Solvency II

A Bill to allow mutuals and friendly societies to raise capital through issuing Deferred Shares passed its last stage in the House of Commons on Friday and is set to receive Royal Assent.

‘Over-regulation' is seen as the key threat to insurer growth prospects by 91% of insurance CEOS surveyed for PWC.

One third of insurers authorised by the Prudential Regulation Authority (PRA) are 'in some form' of wind down; Paul Fisher of the PRA has said.

Barnett Waddingham has launched ‘SIIMPLIFY' which will allow companies to calculate standard formula capital requirements for Solvency II.

A test of more than half of Europe's insurers by market share has found that one in twelve are currently likely to fail to meet solvency capital requirements when the Solvency II regime launches in just over a year.

KPMG has called on insurers to scrutinise draft Solvency II guidelines published by the European Insurance and Occupational Pensions Authority yesterday as they are broader in scope than the first technical standards released.

The European Union has agreed the final measures of the Solvency II framework and given a January 2016 start date.

Europe's insurers spent as much as €9bn keeping pace with a barrage of regulatory changes imposed on the industry in the years following the financial crisis, according to a report by Deloitte.

Treasury Select Committee pans solvency II implementation by PRA

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