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The next stage - EY
The next stageSolvency II, the QIS5 results and implications for the USSolvency II and the results of QIS5 should not be viewed as a regulatory framework affecting only european next stage Solvency II, the EIOPA QIS5 report and the US implicationsThe global solvency environment is about to undergo major changes, moving toward a more principles-based approach with incentives for sound risk management. In Europe, Solvency II will be the new reference regulatory framework from 2013 onward, and there is a growing recognition that data and technology are on the critical path for Solvency II development and that the greater the risk management ambition, the greater the challenge.
2 Almost 70% of the European insurance industry participated in the study, making it the most comprehensive test of Solvency II proposals to date.
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FINANCIAL REGULATION IN THE EUROPEAN UNION, European, European Insurance and Occupational, Insurance, European Insurance, INSURANCE MARKET AND MACRO-PRUDENTIAL SURVEILLANCE, OECD, PRA Insurance Returns, AGEING OF THE EU – IMPLICATIONS FOR PENSIONS, REVIEW OF THE PRIVATE PENSIONS SYSTEM, PRISONERS’ PENSION RIGHTS, Pensions