News

12 Mar 2012

Solvency II: vote on Omnibus II postponed to July 2012

The plenary vote on Omnibus II in the European Parliament has been rescheduled from 17 April 2012 to 2 July 2012.  Read Central Bank of Ireland update

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10 Jan 2012

European Congress of Actuaries

The Groupe Consultatif's first European Congress of Actuaries - ECA 2012 - will take place in Brussels on 7/8 June 2012. The theme is The Future European Actuary. This Congress aims to attract actuaries working in industry, consulting and academia, as well as other financial professionals, politicians and others interested in the future of risk management in Europe. The programme will include speakers from the European Parliament and Commission, supervisory authorities, rating agencies, and other fields.

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30 Sep 2011

Risk Management – A supervisor’s approach

Gabriel Bernardino, Chairman of the European Insurance and Occupational Pensions Authority, delivered a speech entitled "Risk Management – A supervisor’s approach" at the SUERF (Société Universitaire Européenne de Recherches Financières) European Money and Finance Forum on the 22nd September 2011 in Helsinki.

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17 Aug 2011

IAA AFIR Section expands scope to Enterprise Risk Management

At the June, 2011 general meeting of the AFIR (Actuarial Approach for Financial Risks) section in Madrid, the membership affirmed a major expansion of the scope of the IAA section to now include Enterprise Risk Management (ERM) along with continuing the original focus on financial risks.  To emphasize this change, the section has taken on a new name, AFIR/ERM. 

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22 Jun 2011

Groupe Consultatif publishes presentations from Summer School on ORSA

Presentations made at the Groupe Consultatif's recent Summer School on Testing and Disclosing Own Risk Models for Solvency Assessmentsare now available on the Groupe's website at http://www.gcactuaries.org/events.html.

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16 Mar 2011

Constructing a Risk Appetite Framework: An Introduction

Paper on Risk Appetite

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10 Mar 2011

IAA Releases Note on Enterprise Risk Management for Pensions

IAA News Release:

The International Actuarial Association is pleased to announce the publication by its Pensions and Employee Benefits Committee of a Note on Enterprise Risk Management for Pensions.

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01 Mar 2011

Society responds to consultation on Impact Metrics for Risk Based Supervision

The Society of Actuaries in Ireland has responded to a “Consultation on Impact Metrics for the Risk Based Supervision of Financial Firms by the Central Bank and on Impact Based Levies”.

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31 Jan 2011

Society responds to EIOPA consultation on Variable Annuities

The Society has responded to the EIOPA (formerly CEIOPS) consultation paper CP83, “Draft Report on Variable Annuities”.

We welcomed the Draft Report and expressed support for a substantial majority of the recommendations made in it.

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20 Dec 2010

Solvency II: CEIOPS provides update on Quantitative Impact Study

The Committee of European Insurance and Occupational Pensions Supervisors (CEIOPS) has announced its completion of the first phase of the fifth Solvency II Quantitative Impact Study (QIS5).

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25 Nov 2010

IAA Releases Note on Internal Models

IAA News Release:

The International Actuarial Association is pleased to announce the completion of the paper Note on the Use of Internal Models for Risk and Capital Management Purposes by the Solvency Subcommittee of the Insurance Regulation Committee.

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12 Oct 2010

Central Bank of Ireland issues second edition of Solvency II newsletter

The Central Bank of Ireland has issued the second edition of their Solvency II Newsletter, ” Solvency II Matters - Issue 2.  There are a number of important updates in this issue, including updates on the process for submitting QIS5 results, an overview of the Internal Model pre-application process and guidance on Article 4 of the Directive.  Any feedback on the newsletter or suggestions for future topics sho

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