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

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