RBC Worldwide Solvency Modernization Initiative, Risk based capital

News

UK names four IAIGs

Internationally active insurance groups will be supervised according to global rules

Philippines eases re/insurers' capital rules during Covid-19

Firms may be hit by the pandemic in multiple directions, says the country's regulator

Korean insurers' solvency ratios drop in Q4 2019

Latest ratio is the lowest quarterly figure in 2019

Prudential explores options for Jackson amid coronavirus turmoil

Alternatives to minority IPO are on the table

IAIS launches ICS 2.0 level 2 texts

Latest document contains more details than level 1

South Korea's regulatory change likely to boost insurers' solvency

Co-insurance will also bring opportunities to reinsurers, says AM Best

COMMENT: Putting the ICS to the test

Jonathan Dixon, secretary general of the International Association of Insurance Supervisors, discusses the organisation's plans for monitoring the global Insurance Capital Standard

The Philippines' regulator issues minimum capital warning

Come up with P900m minimum capital by 28 February or face closure, insurers are warned

Kyobo Life deploys Aon's PathWise as financial risk management platform

The offering covers IFRS 17 and K-ICS reporting

Analysis

The key decisions in Samsung Life's journey to IFRS 17 implementation

Samsung Life's Jeong Hyeok Park and Deloitte Korea's Byoung Shin tell Cintia Cheong how the insurer is implementing the new accounting regime and what they make of the recent amendments to the standard

HKFI's Selina Lau: Covid-19 is a golden opportunity to educate the public

Selina Lau's first month as chief executive of the Hong Kong Federation of Insurers has been nothing if not busy. From the coronavirus to the opportunities of the Greater Bay Area initiative, while handling IFRS 17 and forthcoming risk-based capital rules, there is never a dull moment, she tells David Walker

AAIC's ERM journey: inspired by Europe

AAIC's CRO Lorie Graham started the company's ERM programme in 2008 at a time when the US reinsurance sector had few models to look at. So she took her inspiration from the Europeans, she tells Sarfraz Thind

Eiopa hits back at the French ICS revolution

Some prominent French re/insurers don't want the Insurance Capital Standard in its current form, angering EU and US negotiators alike. Eiopa looks determined to carry on regardless. The IAIS is treading carefully. It is a fraught situation and some practitioners believe the standard could even collapse under its own weight, as Sarfraz Thind reports

Flood, climate, capital: NAIC president Ray Farmer's agenda for 2020

Ray Farmer is the new president of the National Association of Insurance Commissioners. In this Q&A with Sarfraz Thind, he talks about flood coverage, international regulation and how he intends to raise climate awareness

IAIS Abu Dhabi: Why the Treasury and NAIC returned different ICS conclusions

"Team USA" voiced wildly divergent tones in their reaction to the ICS talks in Abu Dhabi last week. But, despite their strong statements, the US negotiators appear to be in accordance over zero implementation of IAIS's capital accord and the potential to move forward with compromise. Sarfraz Thind reports