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

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

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