logging in or signing up Solvency II Presentation CasualtyActuary Download Post to : URL : Related Presentations : Share Add to Flag Embed Email Send to Blogs and Networks Add to Channel Uploaded from authorPOINT lite Insert YouTube videos in PowerPont slides with aS Desktop Copy embed code: (To copy code, click on the text box) Embed: URL: Thumbnail: WordPress Embed Customize Embed The presentation is successfully added In Your Favorites. Views: 462 Category: Business & Fin.. License: Some Rights Reserved Like it (0) Dislike it (0) Added: December 08, 2010 This Presentation is Public Favorites: 0 Presentation Description No description available. Comments Posting comment... Premium member 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 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 You do not have the permission to view this presentation. In order to view it, please contact the author of the presentation.
Solvency II Presentation CasualtyActuary Download Post to : URL : Related Presentations : Share Add to Flag Embed Email Send to Blogs and Networks Add to Channel Uploaded from authorPOINT lite Insert YouTube videos in PowerPont slides with aS Desktop Copy embed code: (To copy code, click on the text box) Embed: URL: Thumbnail: WordPress Embed Customize Embed The presentation is successfully added In Your Favorites. Views: 462 Category: Business & Fin.. License: Some Rights Reserved Like it (0) Dislike it (0) Added: December 08, 2010 This Presentation is Public Favorites: 0 Presentation Description No description available. Comments Posting comment... Premium member 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 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