Details

Service: Advisory, Risk Consulting, Financial Risk Management
Industry: Insurance
Type: Publication series
Date: 7/1/2011

July 2011 Life Actuarial Insights

Today’s insurance executives face complex market issues such as regulatory uncertainty, evolving governance and risk management frameworks, sustaining operational performance, and maintaining liquidity. Life Actuarial Insights focuses on the impact of these forces on the life insurance sector and helps insurance professionals make more informed business decisions.

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This newsletter focuses on Solvency II, with the first article providing background on Solvency II, including the three pillars of its requirements.

It discusses equivalence and the potential impact of Solvency II on U.S. insurers.

The second article reviews the results of QIS5. It discusses issues with respect to the internal model and highlights areas of the calculation that were found to be difficult.

As companies progress through their implementation of Solvency II, it is expected that efforts will be expanded in strategic directions as implications from Solvency II and its related capital requirements will potentially re-define key elements of business decision making for the insurance industry.

The third article delves into the potential strategic implications of Solvency II.

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KPMG International Cooperative (“KPMG International”) is a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm.