Systemic risk buffer may miss the target

21 July 2015

Published in: Risk, Risk Models, Capital, Capital Models, Regulation, Associations, UK, Rest of Europe, US - Canada - Bermuda, ROW

Companies: International Association of Insurance Supervisors, IAIS, Swiss Re, Allianz, Fitch, Axa, Prudential, AIG, Generali, Aviva, MetLife, Ping An, Prudential Financial, Prudential

The IAIS has unveiled a formula to calculate the high-loss absorbency for global systemically important insurers. The industry claims the requirement is set too high and fears it will be poorly targeted. Hugo Coelho reports