On 23 December 2014, Lloyd's publishes guidance notes on Solvency II and risk assurance. The notes provide information on Lloyd's on-going approach to ensuring agents' compliance with Solvency II requirements, the proposed 2015 Solvency II and risk assurance timetable, and the expectation placed on managing agents for 2015 during the final year of dry run. The note includes information on:

  • reviews and ratings in 2015,
  • the model change process in 2015,
  • the minimum standards framework, including self-assessments
  • Pillar 3 reporting, and
  • 2015 timetable and deliverables