Solvency II Report 2014

Solvency II has remained a prominent talking point within the insurance industry during 2014, with that likely to continue and even ramp over the next 12 months. With implementation scheduled for 1 January 2016, the window for captive managers to ensure compliance is fast closing.

However, not all questions of how Solvency II will translate to the captive space have been satisfactorily answered. Issues around cost of compliance, impact on investment and reinsurance strategies and potential incompatibility regarding the 99.5% confidence level required by the SCR calculation, to name just a few, are all still being hotly debated.

Solvency II 2014

In this report Captive Review speaks to leading industry experts about the various challenges captive owners and managers will face with the introduction of Solvency II. We also study how the captive industry as a whole has matured and developed, with new opportunities on the horizon as captives begin to reach a wider audience.

The expansion of PCCs (Protected Cell Companies) has also been a feature of 2014 with their benefits of cost-effectiveness and rapid set-up, whilst still being Solvency II compliant, proving a strong pull for companies unwilling to commit to creating a fully-fledged captive.

Experts have emphasised the importance of having a robust, risk-based regulatory framework and the introduction of Solvency II is expected to provide this, without being onerous.

Click here to download the Solvency II Report 2014.

8 August 2022
8 November 2022
9-10 November 2022

Kranz move to Alliant in a show of captive commitment

Pete Kranz, recently departed Brown & Brown's formerly known Beecher Carlson captive management team as their Executive Managing...
MORE

Captive insurers have key role in helping corporate parents meet ESG goals

Talking on the latest Airmic Talks ESG podcast, Ciarán Healy, Aon Captive & Insurance Managers’ director of client solutions (EMEA), highlighted how captive insurers can provide vital support...
MORE

Alberta captive insurance laws enter effect

The Canadian province of Alberta has put into effect two pieces of legislation – the Captive Insurance Companies Act and the Captive Insurance Companies Regulation – creating the...
MORE

Alex Murray appointed to SCCIA board

Alex Murray, a principal at consultants Johnson Lambert, has been appointed to the South Carolina Captive Insurance Association’s (SCCIA) 2022 board of directors. Murray has a background in...
MORE