“The Standard Formula” host Rob Chaplin is joined by Chiara Iorizzo to delve into the crucial, yet complex, public reporting component of Solvency II. This episode explores the Solvency and Financial Condition Report requirements, external audit obligations and the role of the European Insurance and Occupational Pensions Authority in information disclosure.
Understanding the Supervision Component of Solvency II
“The Standard Formula” podcast presents listeners with a look at the supervision framework under Solvency II, and examines its purpose to protect policyholders while also promoting the safety and soundness of insurers. Host Rob Chaplin once again leads the discussion and is joined by colleague James Pickstock.
Insurers in Difficulty: Staying Compliant Under Solvency II
“The Standard Formula’s” Rob Chaplin once again gives listeners a look at how to address some of the intricacies of Solvency II. In this episode, he is joined by Feargal Ryan for a discussion on how insurers should navigate the Solvency II framework when they’re facing financial difficulty and failing to meet their solvency or minimum capital requirements.
Valuation of Assets and Liabilities Under Solvency II
On the latest episode of “The Standard Formula” podcast, Olivier Peeters joins host Rob Chaplin to discuss asset and liability valuation under Solvency II — important, as strategic asset allocation and investment management are key to an insurer’s business – and given moves towards greater use of alternative assets.
Governance Regulatory Compliance for Insurers
Under Solvency II, insurers are required to comply with strict governance guidelines. In this episode of “The Standard Formula,” host Rob Chaplin is joined by financial institutions regulatory partner Seb Barling for an in-depth look at the requirements, as well as complying with the own risk and solvency assessment process, outsourcing regulations and operational resilience.
Using an Internal Model to Calculate the Solvency Capital Requirement
Our latest episode of “The Standard Formula” Back to Basics series explores the internal model method for calculating the Solvency Capital Requirement. Host Rob Chaplin is joined by George Belcher to dissect the advantages and disadvantages of this model, as well as the necessary approval to use an internal method and the accompanying preparation phase, among related topics.
Dissecting the Solvency Capital Requirement
Continuing the “The Standard Formula” Back to Basics series, host Rob Chaplin, with colleague William Adams, take an in-depth look at one of Solvency II’s most complex and crucial provisions: the solvency capital requirement. They discuss how it’s calculated, how it works with the minimum capital requirement, and many more features.
Solvency II Back to Basics: Technical Provisions
In the latest installment of “The Standard Formula” Back to Basics series, podcast host and Europe financial institutions head Robert Chaplin is joined by colleague Mary Bonsu to provide listeners with a deeper understanding of technical provisions, including the various elements of technical provisions and how the provisions are calculated, among other topics.
Investment Rules for Insurers and Reinsurers
This episode of “The Standard Formula” podcast features a conversation with the Financial Institutions Group’s Ben Lyon and Verena Mengis, who walk listeners though recent proposals for reform relating to Solvency U.K. and the ESG movement. The in-depth discussion covers the prudent person principle, the pre-Solvency II regime, investment rules for specific asset classes and sustainability risk relevant to the insurance sector, among numerous other topics.
Understanding the UK’s Matching Adjustment Regime
“The Standard Formula” host Rob Chaplin is joined in this episode by colleague Theo Charalambous as they map out the intricacies of the U.K.’s matching adjustment regime for insurers, which will soon be reformed. The discussion dissects why Solvency II created the regime, which assets and liabilities are eligible and how the matching adjustment is calculated, among other areas of focus.
Group Supervision Under Solvency II
In our fourth installment of “The Standard Formula” Back to Basics series, host Robert Chaplin is joined by Feargal Ryan for a detailed discussion on group supervision under Solvency II. Topics covered include circumstances when U.K. Prudential Regulation Authority rules on supervision apply to a group, methods for calculating group solvency and how own funds requirements operate at a group level.
Developments on the Horizon for the UK Change-in-Control Regulatory Regime
In this episode of “The Standard Formula,” host Robert Chaplin is joined by colleague Olivier Peeters to guide listeners through the U.K.’s change-in-control regime for insurers and insurance brokers, and highlight important changes that regulators are putting forth.
Solvency II Back to Basics: Third Country Branches and Cross-Border Provision of Services
“The Standard Formula” podcast continues its Back to Basics series — a deep dive into the Solvency II regime — discussing the regime’s provisions regarding third country branches and the cross-border provision of services. For this third instalment in the series, host Robert Chaplin is joined by colleague Meher Pahuja to discuss the significance of this subject for insurers and the focus on competitiveness and growth in the U.K. market.
Reinsurance and Risk Transfer: Risk Mitigation Under the Solvency II Regime
In the second episode of the Back to Basics series, “Standard Formula” podcast host and insurance partner Rob Chaplin is joined by colleague Imad Mohammed Nazar to discuss reinsurance and risk transfer, including how reinsurance can allow insurance companies to spread their risks across multiple entities, reducing the potential impact of adverse underwriting experience.
Back to Basics: Exploring the Many Facets of the Solvency II Regime
“The Standard Formula” host Robert Chaplin introduced the first in the podcast’s Back to Basics series, which will dissect the entirety of the Solvency II regime. In the series’ inaugural episode, Rob is joined by associate David Wang to explore all aspects of own funds, the Solvency II term for items that constitute an insurer’s regulatory capital.
Understanding Insurance Resolution Regimes
Insurance partner Rob Chaplin is joined by colleague Lamya Al-Yazdi as they introduce our “Standard Formula” listeners to the three emergent insurance resolution regimes that deal with the failure, or potential failure, of insurers.
International Association of Insurance Supervisors: Who They Are and Their Industry Impact
Standard Formula host Rob Chaplin was joined by European counsel George Belcher and associate Feargal Ryan to discuss the International Association of Insurance Supervisors, including its main activities, future developments and current issues.
Bermuda Monetary Authority Proposes Enhancements to its Regulatory Regime
In our latest installment of “The Standard Formula” podcast, partner Rob Chaplin and associate Ilianna Kotini discuss the proposals made in the Bermuda Monetary Authority's latest consultation paper, which are focused on the BMA’s plan to enhance the regulatory and supervisory regime for commercial insurers and insurance groups. Given the wealth of business reinsured in Bermuda, the changes are of interest to the entire insurance industry.
Comparing Prudential Solvency Regulatory Regimes
In this episode of “The Standard Formula” podcast, partners Rob Chaplin and Patrick Lewis are joined by Neil Horner of Bermuda-based ASW Law to discuss and contrast EU/UK Solvency II, U.S. risk-based capital and the Bermuda solvency capital requirement, as well as equivalent rating agency requirements.
The Edinburgh Reforms: Big Bang 2.0 or Thoughtful Change?
In this episode of “The Standard Formula” podcast, host Robert Chaplin is joined by investment management partner Greg Norman to discuss the Edinburgh Reforms, which serve as the UK’s most significant divergence to date from EU financial services regulation. Although the Reforms focus on Brexit freedoms, many of the proposals are aimed at regulation that originates domestically and are intended to secure the UK’s status as a leading financial center.
UK Government Announces Post-Brexit Solvency II Reforms
In the first episode of our new podcast, host Robert Chaplin and guest Azad Ali, from Skadden’s UK and EU financial services practice, discuss the UK government’s recently announced post-Brexit Solvency II reforms. Known as Solvency UK, the reformed regime is expected to boost innovation, assist the government’s drive for investment and release a considerable amount of regulatory capital from UK carriers’ balance sheets.