Oct 28 2024 19 mins 1
Host Robert Chaplin and guest James Pickstock cover the Solvency II supervision framework, which is designed to protect policyholders and promote insurer soundness. They focus on the Regular Supervisory Report (RSR), a quantitative tool that is among four key areas that insurers must disclose to supervisors. Robert and James also look ahead to legislative reform effective at year’s end.
Watch for our next episode, which will focus on the Solvency and Financial Condition Report, another key area that must be reported to supervisors.
💡 Meet Your Host 💡
Name: Robert Chaplin
Title: Partner, Insurance at Skadden
Specialty: Rob primarily focuses on transactional and advisory work in the insurance sector. He advises on mergers and acquisitions, disposals, joint ventures and strategic reinsurances. He also counsels on regulatory issues, with an emphasis on Solvency II.
Connect: LinkedIn
💡 Featured Guest 💡
Name: James Pickstock
What he does: Based in London, James is an associate in Skadden’s Financial Institutions Group.
Organization: Skadden
Words of wisdom: “The U.K. reforms take effect from the 31 December, 2024. Under both the U.K. and EU frameworks, insurers that don’t exceed the new increased thresholds will continue to be able to operate under the Solvency II regime, should they wish to, by applying for a voluntary requirement.”
Connect: LinkedIn
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The Standard Formula is a podcast by Skadden, Arps, Slate, Meagher & Flom LLP, and Affiliates. This podcast is provided for educational and informational purposes only and is not intended and should not be construed as legal advice. This podcast is considered advertising under applicable state laws.
