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Solvency II papers fill in gaps

03 July 2009

The Committee of European Insurance Supervisors (Ceiops) last night published 23 consultation papers addressing several areas of detail that were left open in the Framework Directive for Solvency II, which was approved in May this year.

Read more: [Solvency II] [consultation papers] [Europe] [capital requirement] [standard formula]

The Committee of European Insurance Supervisors (Ceiops) last night published 23 consultation papers addressing several areas of detail that were left open in the Framework Directive for Solvency II, which was approved in May this year.

The areas covered by these papers include additional detail on the calculation of insurance liabilities, calculation of the standard formula solvency requirements and eligibility...


Poll

How big would insured catastrophe losses this hurricane season have to be to move reinsurance pricing up?

$0-15bn
7%
$15bn-$30bn
12%
$30bn-$50bn
38%
$50bn-$75bn
31%
$75bn-$100bn
7%
>$100bn
5%

Quote

CEOs won’t move prices until they see blood in the street and have the concern that some of it might be theirs.

Tom Bolt, director of underwriting performance at Lloyd’s of London