Solvency II

FERMA submitted on 30 January 2019 a response to the EIOPA (European Insurance Authority) consultation about how sustainability risks could be integrated in European insurance laws like Solvency II and IDD.
There is a role for the European insurance authority (EIOPA) to clarify implementation of proportionality for small insurance businesses on the ground.
D. Matcham, CEO of International Underwriting Association tells us The London Market is a vital European and global insurance hub, providing risk managers with access to a concentration of expertise and capital...

In 2017, as part of the pillar 3 of Solvency II on disclosure, all (re)insurance companies will disclose to the public for the first time a report on their solvency and financial condition (SFCR).

The information provided will be both qualitative and quantitative, meaning not only solve

FERMA has launched a campaign to change misperceptions of captive insurance by tax authorities and other public bodies.

As a starting point, FERMA has today published a position paper on captive insurance companies, which it will submit to the OECD so that the

Consistent implementation of Solvency II across the EU is the only guarantee that European insurance buyers will benefit from a new level playing field to optimise the protection of their organisation.

The article has been originally published  by Captives Review on 3 December 2015.

Because insurance is a global industry, the Solvency II regime (entering into force on 1 January 2016) includes some provisions regarding the recognition of third country jurisdictions as offering an equivalent level of supervision.