Associations

News

IAIS Abu Dhabi: human element key to insurers' cyber resilience

Speakers at the IAIS conference today discussed how to train staff and boost cyber security

Lloyd's to merge governing bodies in 2020

Membership election process to take place in April/May

Insurance Ireland appoints Gerry Hassett as interim CEO

Hassett succeeds Kevin Thompson who will take up a senior role within the industry

Insurance guide launched to protect world heritage sites

Insurers worldwide have collaborated with the United Nations and the World Wildlife Fund

Solvency II risk margin's cost-of-capital rate "a significant error"

Craig Turnbull comments at presentation of IFoA research on risk margin

Report: Axis Capital rules out Carmichael coal mine coverage

Lloyd's chief John Neal has argued syndicates should not be directed on coal underwriting

US introduces bill to protect own interests ahead of IAIS Abu Dhabi meet

Bill to ensure US negotiators reject ICS if it doesn't recognise US system

AAE appoints Cecilia Thorn as CEO

The Swedish national replaces Ad Kok who retired in August

Solvency II proportionality rules "don't work in practice"

Insurance Europe and Amice call on European Commission to act

First US state regulator joins green supervisors' network

Network of Central Banks and Supervisors for Greening the Financial System has more than 40 members

Analysis

IAIS Abu Dhabi: compromise on global capital standard keeps process on track

Paul Walsh summarises the reaction to today’s agreements that keep the Insurance Capital Standard on track, but not without objections from Canada and questions about US comparability

The Fed and insurance rules: an eclectic fit

The US Federal Reserve created an advisory committee last month – and Manulife’s treasurer Halina von dem Hagen is joining it. She tells Sarfraz Thind about the key issues the market might want to consider right now, including mark-to-market regulation and systemic risk

IFRS 17: what insurers dislike from the final consultation

The treatment of reinsurance accounting under IFRS 17 appears to be the most consistent complaint from re/insurers, but deciding when the standard should take effect continues to generate disagreements among stakeholders. Cintia Cheong reports

IFRS 17: on the verge of another delay?

Important EU stakeholders are calling for the insurance contracts accounting standard to be delayed once more. Cintia Cheong reports

Hong Kong approaches transition to risk-based capital

Hong Kong’s long-awaited risk-based capital (RBC) regime is beginning to take shape ahead of its planned implementation in 2022. Paul Walsh reports on the latest developments

Insurers push for dual-rate approach to Ogden

The change in the Ogden rate prompted surprise and disappointment from insurers. Their hopes for a fairer settlement are now pinned on the next round of reforms, as Christopher Cundy and Paul Walsh report