Insurance Consulting Information Sheets and Newsletters

PS12/4 Protecting with-profit policyholders
May 2012
The FSA’s Policy Statement on protecting with-profits policyholders(PS12/4) summarises feedback to the earlier consultation paper (CP11/5) and presents the amendments to Section 20 of the Conduct of B...

Insurance Consulting Practice Newsletter
June 2011
This is the latest edition of our newsletter, providing a short, easily digestible summary of the updates across the whole of the insurance industry over the last few months.

Briefing Note on Omnibus 2
June 2011
The draft Omnibus 2 Directive was published on 19 January 2011. If adopted, it will amend the Solvency 2 Directive. This briefing note provides a summary of the proposed changes.

Gender Directive
March 2011
Under current European legislation, insurance companies are allowed to underwrite their insurance policies (premiums and benefits) differentiating between men and women. Directive 2004/113/EC aimed to...

QIS5 Survey
February 2011
QIS5 is expected to be the final of the Quantitative Impact Studies conducted by the European Commission in the run up to the implementation of Solvency 2, which is due to go live on 1 January 2013. T...

IFRS Briefing Note
December 2010
On 30 July 2010 the International Accounting Standards Board (IASB) issued the long awaited exposure draft (ED). Phase II of the project was initially kicked off in 2004; Financial reporting for insur...

10 Things to hate about Solvency II
August 2010
A CEO speaks out. To read the full information sheet, please click on the link below:

Solvency II: Final Advice on Level 2 Implementing Measures
April 2010
Throughout 2009, CEIOPS (the Committee of European Insurance and Occupational Pensions Supervisors) consulted on the “Level 2 Implementing Measures” of Solvency II, and their final advice has now been...

Solvency 2: Third Round of CEIOPS Consultation Papers
February 2010
In November 2009, the Committee of European Insurance and Occupational Pensions Supervisors (“CEIOPS”) issued its third set of consultation papers (CPs63-79) on the Solvency II Level 2 text. The consu...

Excessive Reserving Test for Tax on UK General Insurers?
December 2009
In July 2009, HM Revenue and Customs released new Regulations to limit the amount of tax relief available on the technical provisions of general insurers which came into force on 1 September 2009, to ...