RBC Worldwide Solvency Modernization Initiative, Risk based capital
News
Australia begins major review of Lagic capital standard
Capital and reporting standards need alignment before Australia's IFRS 17 takes effect
New Zealand reviews insurance solvency standards
RBNZ also relaunches Insurance Act review
Canadian regulator sets expectations on IFRS 17 and 9 implementation
Osfi also updates timeframe for revisions to insurers' capital tests
Hong Kong proposes group capital rules for multinationals
The consultation runs until 30 September
China proposes insurer solvency rules to align with C-Ross regime
New draft regulation places emphasis on three-pillar framework
Taiwanese insurers to adopt international solvency regime in 2026
Regulator has come up with a phased approach for gradual implementation
Hong Kong reinsurers continue to gain preferential treatment from China
The deal extends to June 2021
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
Analysis
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
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