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The prudential regulation of insurers under Solvency II

Author

Listed:
  • Swain, Robin

    (Bank of England)

  • Swallow, David

    (Bank of England)

Abstract

Solvency II is a new regime for the prudential regulation of European insurance companies that will come into force on 1 January 2016. It will modernise the existing regulatory framework, with the objective of providing an enhanced and more consistent level of protection for policyholders across Europe. Solvency II introduces features to improve a firm’s understanding and management of its risks, which should result in improved resilience to shocks.

Suggested Citation

  • Swain, Robin & Swallow, David, 2015. "The prudential regulation of insurers under Solvency II," Bank of England Quarterly Bulletin, Bank of England, vol. 55(2), pages 139-153.
    • Handle: RePEc:boe:qbullt:0172
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    File URL: http://www.bankofengland.co.uk/publications/Documents/quarterlybulletin/2015/q203.pdf
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    References listed on IDEAS

    as
    1. Breckenridge, John & Farquharson, James & Hendon, Ruth, 2014. "The role of business model analysis in the supervision of insurers," Bank of England Quarterly Bulletin, Bank of England, vol. 54(1), pages 49-57.
    2. Gracie, Andrew & Chennells, Lucy & Menary, Mark, 2014. "The Bank of England’s approach to resolving failed institutions," Bank of England Quarterly Bulletin, Bank of England, vol. 54(4), pages 409-418.
    3. Debbage , Simon & Dickinson, Stephen, 2013. "The rationale for the prudential regulation and supervision of insurers," Bank of England Quarterly Bulletin, Bank of England, vol. 53(3), pages 216-222.
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. Pierpaolo Marano & Michele Siri, 2018. "Cross-Border Insurance Groups: Towards a Comprehensive Supervision Under Solvency II," The Geneva Papers on Risk and Insurance - Issues and Practice, Palgrave Macmillan;The Geneva Association, vol. 43(4), pages 594-614, October.
    2. Barry Sheehan & Christian Humberg & Darren Shannon & Michael Fortmann & Stefan Materne, 2023. "Diversification and Solvency II: the capital effect of portfolio swaps on non-life insurers," The Geneva Papers on Risk and Insurance - Issues and Practice, Palgrave Macmillan;The Geneva Association, vol. 48(4), pages 872-905, October.
    3. Ameet Kumar & Khalid Ahmed & Mujeeb‐u‐Rehman Bhayo & Muhammad Ramzan Kalhoro, 2023. "Banking performance and institutional quality: Evidence from dynamic panel data analysis," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 28(4), pages 4717-4737, October.
    4. Siri, Michele, 2017. "Corporate governance of insurance firms after Sovency II," ICIR Working Paper Series 27/17, Goethe University Frankfurt, International Center for Insurance Regulation (ICIR).
    5. Nora Gavira-Durón & Daniel Mayorga-Serna & Alberto Bagatella-Osorio, 2022. "The financial impact of the implementation of Solvency II on the Mexican insurance sector," The Geneva Papers on Risk and Insurance - Issues and Practice, Palgrave Macmillan;The Geneva Association, vol. 47(2), pages 349-374, April.
    6. French, Andrea & Vital, Mathieu & Minot, Dean, 2015. "Insurance and financial stability," Bank of England Quarterly Bulletin, Bank of England, vol. 55(3), pages 242-258.
    7. Tripti Sharma & Declan French & Donal McKillop, 2022. "Risk and Equity Release Mortgages in the UK," The Journal of Real Estate Finance and Economics, Springer, vol. 64(2), pages 274-297, February.
    8. Axel Möhlmann, 2021. "Interest rate risk of life insurers: Evidence from accounting data," Financial Management, Financial Management Association International, vol. 50(2), pages 587-612, June.
    9. Meier, Samira & Rodriguez Gonzalez, Miguel & Kunze, Frederik, 2021. "The global financial crisis, the EMU sovereign debt crisis and international financial regulation: lessons from a systematic literature review," International Review of Law and Economics, Elsevier, vol. 65(C).
    10. Cynthia Van Hulle & Hans Degryse & Kristien Smedts, 2017. "Risk-sharing benefits and the capital structure of insurance companies," Working Papers Department of Accountancy, Finance and Insurance (AFI), Leuven 571404, KU Leuven, Faculty of Economics and Business (FEB), Department of Accountancy, Finance and Insurance (AFI), Leuven.
    11. Oliver D. Bettis & Simon Dietz & Nick G. Silver, 2017. "The risk of climate ruin," Climatic Change, Springer, vol. 140(2), pages 109-118, January.

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