Looking forward
REGULATION TIMELINE
Association of British Insurers will be
hosting its fifth Solvency II Conference to discuss the implementation of the Level 2 measures, developments in
The Legal Services Act is being altered to allow
alternative business structures to be created (UK)
The Workplace Retirement Income Commission will report its findings in relation to workplace saving (UK)
OCTOBER
The annual meeting of the American Council of Life
Insurers takes place in Florida, and will include discussions around legal, investment/ financial, reinsurance,
compliance, retirement security, advocacy, legislative and regulatory issues (US)
NOVEMBER
EIOPA Occupational Pensions Stakeholder Group meeting (EU)
Joint meeting of EIOPA Insurance & Reinsurance Stakeholder Group and EIOPA Occupational Pensions Stakeholder Group (EU)
NAIC fall meeting (US)
IMAP, standard formula calibrations, Pillar 2 in regards to data quality, governance and ORSA, Pillar 3 in
regards to reporting, along with asset management and credit ratings (UK)
NAIC to tie to the risk-focused surveillance process where risks are evaluated by the regulator in detail; the NAIC is planning to adopt an ORSA tool to require the company to do a similar stand-alone analysis (US)
DECEMBER NAIC study of holding
company financial reporting requirements, as part of a project on group supervision,
expected to be completed (US) NAIC group-wide capital assessment to be incorporated in the ORSA tool, as part of a project on group supervision (US)
8 | INTELLIGENT INSURER | October 2011
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