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RBC Worldwide Solvency Modernization Initiative, Risk based capital
News
Call for New Zealand to align interim capital rules with IFRS 17 in 2023
The interim solvency standard is part of a two-phase review by the Reserve Bank of New Zealand
New Zealand proposes policyholder guarantee fund
RBNZ to review insurers' disclosure, solvency capital and statutory funds
China renews equivalence deal for Hong Kong reinsurers
Six firms benefit from one-year extension to "preferential treatment"
New Zealand proposes additional solvency capital buffer
Interim insurance solvency standard to take effect in 2022 to reflect IFRS 17
Canada consults on aligning capital rules with IFRS 17
Osfi to host briefing session for insurers
Rising interest rates hit South Korean insurers' capital ratios
The sector was also affected by higher capital requirements
Canada to consider US aggregation method for ICS
Osfi updates on progress with capital requirements for insurers
Prioritise low interest rates and climate change, IMF tells Hong Kong
Insurers' stock prices more affected by climate change than other sectors
Canadian regulator puts focus on technology risk
Osfi schedules technology-related initiatives in the next two years
IAIS ploughs on with allowing US capital metrics into ICS regime
No changes to draft definitions of comparability following a consultation
Analysis
ICS capital calculations: onerous, uncertain, but growing in relevance
The global Insurance Capital Standard (ICS) requires yet more modelling work for insurers and some of its rules for calculating capital are vague. It's currently a low priority for insurers and investors, but UK firms in particular should watch closely. Christopher Cundy reports
The key decisions in Samsung Life's journey to IFRS 17 implementation
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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