International capital standards: the US's chorus of disapproval

16 May 2019

Published in: Capital, Regulation, RBC Worldwide, Investment risk - strategy, UK, Rest of Europe, US - Canada - Bermuda, ROW, USA focus

Companies: International Association of Insurance Supervisors, IAIS, National Association of Insurance Commissioners, NAIC, Prudential Financial, Prudential, Financial Stability Board, FSB

Development of the global insurance capital standard (ICS) has always been controversial. But the level of ire expressed by the US government, regulators and insurers at this week's NAIC conference was unprecedented. Sarfraz Thind reports