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RBC Worldwide Solvency Modernization Initiative, Risk based capital
News
IAIS heralds "critical year" for Insurance Capital Standard
Public consultation and economic impact assessment due on the ICS
New Zealand regulator shows compromise on actuaries' proposed roles
RBNZ did want solvency, outsourcing and conduct insights from appointed actuaries
Intact happy with IAIG label
Impact of being designated as internationally active insurer is "extremely limited"
IAIS to focus on climate change, systemic risk and ICS
Supervisors' association outlines priorities for next two years
We prefer to keep IFRS 17 annual cohorts in Asia, says Generali
The insurer's IFRS 17/9 programme manager for the Asia Region shares his insights
Australian regulator rejects internal models in revised capital framework
Revision prompted by introduction of AASB 17 accounting standard
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
US Senators grill regulators over private equity ownership and climate
This month's US Senate Banking Committee hearing on insurance shone a light on where politicians have the biggest concerns about the sector. Sarfraz Thind reports
Japan steps forward with ICS-based capital framework
Japan is midway through development of a new capital framework that takes its lead from the Insurance Capital Standard. This should make it a beacon for international prudential rules, as the FSA's Shigeru Ariizumi explains to Sarfraz Thind
ALM and capital management under Hong Kong's RBC
Richard Chan, Hong Kong chief investment officer and Asia head of ALM at Axa, discusses Hong Kong's forthcoming risk-based capital regime and how insurers will respond
Reinsurance helps unlock the C-Ross puzzle
As risk-based capital regimes such as China's C-Ross are implemented in Asia, insurers will be looking at options for capital management including reinsurance, as Hugo Choi explains to David Walker
Creating C-Ross
DWS's Ellen Yang can fairly claim unique insight into the development of China's prudential regulation. She talks to David Walker about her involvement and the impact of the Phase II rules
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