Solvency II to Have Global Reach, States Timetric in Its New Report Now Available at MarketPublishers.com15 Jul 2016 • by Natalie Aster
LONDON – The majority of insurers in Europe have revealed that their governance and risk management strategies have improved owing to the EU legislative programme termed Solvency II, which was implemented on January 1, 2016. Additionally, the regime paves the way for a single insurance marketplace across the European region, making it possible for insurers and reinsurers to operate under the equal set of regulations.
It is expected to boost the competitive strength of insurance and reinsuring firms, and offer the same degree of consumer protection across the entire regional insurance industry.
The influence of Solvency II will not be just restricted to the EU, but is also expected to have a global reach. Insurers based across the EU and those with an international presence will have to either be in compliance with the Solvency II provisions or embrace them. Responsibility falls on the third country’s insurance regulator to convert delegated acts into their regulated regime.
In-demand report “Insight Report: Solvency II - Beyond Implementation” elaborated by Timetric keeps track of the performance of the insurance industry after Solvency II had been implemented. The report carefully examines Solvency II's influence on insurers’ activities and investment decisions. The novel risk-based regulatory framework has a bearing on daily operations like pricing, product development, investment expenditures and key strategies.
The report thoroughly explains the intricacies pertaining to the high-level capital requirements under Solvency II, alongside casting light on how elements of matching adjustment, ultimate forward rates and volatility adjustment can impact the solvency capital requirement. It examines Solvency II’s effect on insurer’s investments, comprising the influence of capital charges on the capital of insurers. It provides an insightful discussion of the cost and intricacy of Solvency II. The publication also canvasses the challenges pertaining to data requirements to achieve the objectives of all 3 pillars of Solvency II. The report offers refined insights into the decision-taking process, and types of Solvency II equivalency.
More studies by our market research partner are available at Timetric page.