Solvency II Resources Thought Leadership - Ernst & Young - Global

An archive of articles and reports on Solvency II and its impact on the insurance industry.

2009 Thought leadership

Reading tea leaves under a glass ceiling: disclosing financial strength
In this paper, we examine; disclosure, market discipline and the potential implications for processes, governance and information requirements.

Unlocking the mystery of the risk framework around ORSA
In this article, we continue our discussion around risk management, testing the impact of ORSA, the guidance to date, where companies currently stand and the key issues and challenges they face.

Solvency II: Putting risk and governance at the heart of business
In this paper, we examine the importance of Pillar 2 and its implications.

Solvency II: review and update webcast
Register to view the archive of the June 2009 webcast.

Solvency II formally adopted
Read Ernst & Young’s perspective.

Solvency II: Information systems as a major challenge
Our report discusses the issues around the implementation of the Solvency II directive and explores how IT applies to Solvency II, required IT functionalities, and IT general controls.

2008 Thought leadership

Ernst & Young - Solvency II Taskforce comments on ECOFIN
The Economic and Financial Affairs Council (ECOFIN) recently agreed on the key issues of the Solvency II framework directive; however, without including the provisions covering international insurance groups. Read more.

Financial crisis and the global insurance industry
Watch this archived webcast on the state of the insurance industry in this unprecedented economic climate.
Register to watch this archived 24 November webcast.

Insurance regulatory guidance amid the financial crisis
The insurance industry and regulators should use the current global financial crisis to drive a constructive evolution of regulatory guidance, says Ernst & Young’s Global Insurance Center. Read the press release.

The meaning of market consistency in Europe
We looked at various concepts to help global insurers find the meaning of market-consistent valuation for insurance liabilities.

Measuring operational risk
We identify the challenges – and assess the impact – of Solvency II OpRisk requirements.

Grasping the reins of fundamental change: Ernst & Young's comments on Solvency II draft directive
We explore the directive’s main components and offer our assessment.

QIS 4: from consultation to implementation
In this report, we bring you up to speed on key lessons learned from QIS 1, 2 and 3, and highlight the issues being addressed in QIS 4. 

Raising the bar: transforming Solvency II into a business enabler
Learn how to “raise the bar” and integrate Solvency II, using precedents set by Basel II and the Swiss Solvency Test.

Key principles of Solvency II
Read this report to better understand the drivers behind Solvency II and interpret the key principles of this future directive.

Solvency II webcast: update 2008
5 November 2008
Register to access the archive 

Ready, set, go! Insurers gear up for Solvency II
We discuss the key implementation considerations for Solvency II and explain how the QIS program works.

2007 Thought leadership

Seven steps to Solvency II success
Seven indicators of best practice for conversion to Solvency II using the experience of IFRS and Basel II. Published in The Review.

Taking Solvency II to the next level
With Solvency II requirements becoming clearer, insurance groups will need to examine their corporate structure and intra-group risk transfer arrangements.

Quantitative Impact Studies for Solvency II: June 2007
This article provides an update on QIS2, discusses some of the changes implemented in QIS3, and looks ahead to challenges that European insurers might face in reaching a state of readiness for Solvency II.

2006 Thought leadership

Quantitative impact studies for Solvency II, Summer 2006
Report on the content and results of the first Quantitative Impact Study and outline specifications for QIS2. Produced by Ernst & Young Switzerland.

Solvency II: readiness and beyond
Assessment of the situation of the top European insurers on readiness for Solvency II.

CrossCurrents: Solvency II survey reveals insurers' hopes and concerns
Highlights of our survey of European insurance companies on attitudes toward Solvency II perceived difficulties and opportunities, and their state of readiness.