Posts Tagged ‘Property’



February 27th, 2017

Managing Volatility Key To Solvency II Transition: Part II

Posted at 1:00 AM ET

paire-eric-sm1Eric Paire, Head of Global Partners & Strategic Advisory, EMEA

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“To remain competitive, smaller companies simply cannot afford to operate at 200 percent. This volatility on multiple fronts means that establishing the solvency level that will provide a sufficiently robust capital buffer to withstand these fluctuations is extremely difficult. Is it 130 percent, 150 percent, 170 percent or higher?” notes Eric Paire, Head of Global Partners & Strategic Advisory, EMEA at Guy Carpenter.

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February 23rd, 2017

Managing Volatility Key To Solvency II Transition: Part I

Posted at 1:00 AM ET

paire-eric-smEric Paire, Head of Global Partners & Strategic Advisory, EMEA

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Movement Within Capital Ratios Leading to Uncertainty Amongst Mid-Size Companies

The impact of the Solvency II capital ratio on composite life and property/casualty balance sheets is proving more substantial than some companies initially expected, according to Eric Paire, Head of Global Partners & Strategic Advisory, EMEA at Guy Carpenter. This development is due to the double impact of market volatility and volatility within the solvency ratio itself.

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February 22nd, 2017

Solvency II Equivalence In The International (Re)insurance Landscape: Part IV: Asia Pacific Solvency II Equivalence

Posted at 1:00 AM ET

andrew-cox-953graham-jones-102x1173lobel_myra-sm-1174eddy-vanbeneden-sm-1175sumner-sm-1173Andrew Cox, Managing Director; Graham Jones, Senior Vice President; Myra E. Lobel, Managing Director; Eddy Vanbeneden, Managing Director and Steven Sumner, Oliver Wyman, Actuarial Consulting

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Solvency II’s reach and influence extends to Asia Pacific, as Japan and Australia attained provisional third country equivalence status for Group Solvency (Article 227). This status is valid for ten years and reduces the administrative burden for the Solvency II calculation of subsidiaries in the European Economic Area (EEA).

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February 21st, 2017

Solvency II Equivalence In The International (Re)insurance Landscape: Part III: The US and Solvency II Equivalency

Posted at 1:00 AM ET

andrew-cox-952graham-jones-102x1172lobel_myra-sm-1172eddy-vanbeneden-sm-1172sumner-sm-1172Andrew Cox, Managing Director; Graham Jones, Senior Vice President; Myra E. Lobel, Managing Director; Eddy Vanbeneden, Managing Director and Steven Sumner, Oliver Wyman, Actuarial Consulting

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Separate but related negotiations continue between the EC, European Insurance and Occupational Pensions Authority, and in the United States, the National Association of Insurance Commissioners (NAIC) and the Federal Insurance Office (FIO).

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February 20th, 2017

Solvency II Equivalence In The International (Re)insurance Landscape: Part II

Posted at 1:00 AM ET

andrew-cox-951graham-jones-102x1171lobel_myra-sm-1171eddy-vanbeneden-sm-1171sumner-sm-1171Andrew Cox, Managing Director; Graham Jones, Senior Vice President; Myra E. Lobel, Managing Director; Eddy Vanbeneden, Managing Director and Steven Sumner, Oliver Wyman, Actuarial Consulting

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The Solvency II Directive sets out three distinct areas for equivalence:

  1. Reinsurance
  2. Group Solvency
  3. Group Supervision

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February 16th, 2017

Solvency II Equivalence In The International (Re)insurance Landscape: Part I

Posted at 1:00 AM ET

andrew-cox-95graham-jones-102x117lobel_myra-sm-117eddy-vanbeneden-sm-117sumner-sm-117Andrew Cox, Managing Director; Graham Jones, Senior Vice President; Myra E. Lobel, Managing Director; Eddy Vanbeneden, Managing Director and Steven Sumner, Oliver Wyman, Actuarial Consulting

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The concept of equivalence under Solvency II determines to what extent (re)insurance entities outside Europe can operate within the European Union (EU) while relying solely on their local solvency standards. The ability to operate in the EU is a significant issue that impacts multinational (re)insurance companies and groups.

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February 14th, 2017

Chart: Solvency II Ratios as of End of H1 2016

Posted at 1:00 AM ET

Chart presents (re)insurers’ Solvency II ratios compiled by Guy Carpenter for the first half of 2016. Many companies publish their solvency ratios without being required to do so, and some others actually specify target solvency ratio ranges as part of their risk appetite and financial targets. Solvency ratios are another metric for investors to use when assessing the relative financial strength of companies - and (re)insurance buyers can do the same when assessing counterparty risk.

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February 8th, 2017

Southern U.S. Severe Thunderstorms

Posted at 2:11 PM ET

us-local-storm-reports-february-7-2017-smA severe thunderstorm outbreak has affected areas from Louisiana to Kentucky to Florida. Several tornadoes have been reported in Southeast Louisiana, Mississippi and Florida. This includes a probable EF-3 tornado affecting the East New Orleans area, according to media reports. Significant property damage has been reported for several areas, with especially severe impacts for the East New Orleans tornado. Downed trees and powerlines with light to moderate property damage have been reported for affected areas of the Florida Panhandle. At least 36 injuries and one fatality have been reported in the media. Rescue and damage survey operations are ongoing, and it is too early to ascertain the full scope and severity of this event. Our first thoughts and concerns are with those directly affected by this event.

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February 8th, 2017

Public Sector Risk Financing Perspectives – Sharing Visual Intelligence for Disaster Response: Part II

Posted at 1:00 AM ET

beverley-adams-sm21Dr. Beverley Adams, Head of CAT Planning and Response

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National disaster response plans of governments rarely include references to insurance or make provisions for visual intelligence as part of the operational response toolkit. Recent events reaffirm the value of visual intelligence - particularly when access to sites is restricted - and suggest that a more collaborative approach between emergency services and the insurance industry would enhance public sector response and facilitate community resilience.

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February 7th, 2017

Public Sector Risk Financing Perspectives – Sharing Visual Intelligence for Disaster Response: Part I

Posted at 1:00 AM ET

beverley-adams-sm2Dr. Beverley Adams, Head of CAT Planning and Response

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As governments and emergency responders focus on search and rescue in the hours and days following catastrophic events, the (re)insurance industry is autonomously responding with visual technologies for loss assessment.

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