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Associations
News
IAIS issues consultation on ICS-Aggregation Method comparability criteria
Progress on global capital standards, but still no resolution likely for next two years
US reiterates its opposition to ICS
IAIS meeting in Croatia starts today with international rule causing continued discord
Ukraine's insurers urge regulatory "Marshall plan" to survive war
Proposals include IFRS 17 delay and softening regulatory requirements
Extinction Rebellion forces Lloyd's to shut HQ
Over 60 activists used superglue, chains and bike locks to block entrances
US P&C actuaries target racial bias in insurance pricing
Casualty Actuarial Society outlines lessons learned from other financial sectors
Insurance Europe kicks out Russian federation
Lobby group shows solidarity with Ukrainian people
UK re/insurance sanctions target Russian aviation and space industry
Government to bring in measures following Russia's invasion of Ukraine
Italy sets expectations on IFRS 17
Consultation runs until 16 April
RITC issues will not stop UK's assessment of IFRS 17
UKEB makes no objection to new endorsement timeline
UK Solvency II QIS analysis reveals huge impact on monoline annuity firms
Independent study reveals up to 31% drop in solvency ratio
MEP demands more influence over Solvency II reforms
Stakeholders have criticised the European Commission for leaving key details out of directive
German insurers reveal extent of ESG underwriting
GDV warns de-carbonising Germany risks de-industrialising it
Insurers set out principles for use of supervisory technology
GFIA says principles will allow supervisory technology to simplify current processes
Pandemic drives Cypriot insurers' fears of IFRS 17 delay
SAP explains how insurers in Cyprus are preparing to implement the standard
IAIS to focus on climate change, systemic risk and ICS
Supervisors' association outlines priorities for next two years
Analysis
IAIS 2022: bringing the party back to insurance
June's meeting of international regulators was a sunny affair in an idyllic setting. Even the ever-lurking shadow of the ICS couldn't spoil the party after two years of isolation. Sarfraz Thind reports
Insurers feeling hamstrung as protection gaps widen
Current global events and left-field risks are contributing to widening protection gaps and insurers may be restricted in their attempts to reduce them. Paul Walsh reports
A new standard for liability risk data
Open data standards for risk modelling are helping improve the efficiency and value of risk management in the insurance sector, Today, a new standard for liability risks is being launched, as Dickie Whitaker explains
The FIO's climate letters reveal burning desires
The Federal Insurance Office (FIO) has published a raft of comment letters after its request for information on climate regulation. Could this be the tinder to spark new rules? Sarfraz Thind reports
Facilitating the transition
Don Forgeron, president of the Global Federation of Insurance Associations, discusses what role the insurance sector can play in global efforts to mitigate and adapt to climate change
Commission's Solvency II proposals "are not gifts" for insurers
Insurance Europe's Olav Jones tells Christopher Cundy about European insurers' hopes and fears on plans to reform the directive