RBC Worldwide Solvency Modernization Initiative, Risk based capital
News
First five years of ICS will be for observation, not prescription
IAIS says International Capital Standard is not a capital-raising exercise, but questions remain
China extends preferential treatment to Hong Kong reinsurers
Deal helps position Hong Kong as a risk management centre, says Insurance Authority
NAIC reiterates anti-ICS position
Cioppa defends US insurance regulatory system against untested Solvency II
Baloise reveals impact from SST standard model changes
Changes to life liabilities valuation and market risk calibrations hit solvency figure
Korean life insurers press for longer IFRS 17 delay - UPDATED
Firms need more time to prepare for the regulatory change
NAIC set to introduce longevity charge in 2020
American Academy of Actuaries study recommends longevity risk included in RBC calculation
IFRS 17 proposed deferral may disrupt Australia's prudential frameworks integration plans
Apra updates plan to align AASB 17 with capital frameworks of life and general insurers and of private health insurers
Australia aims to raise health insurer capital requirements
Apra proposing to extend Lagic regime to private health insurers
IAIS drops G-SII designation in systemic risk proposal
New framework will look at entity and activity-based approaches
IAIS vows to act on 1,500 pages of ICS feedback
Chair of field testing group said feedback came from a “great number of stakeholders.”
Analysis
Why South Korea leads the way on IFRS 17
South Korea has pioneered the adoption of the new accounting standard for insurance contracts, as well as coping with preparations for a new capital standard at the same time. Martin Sarjeant explains how
International capital standards: the US's chorus of disapproval
Development of the global insurance capital standard (ICS) has always been controversial. But the level of ire expressed by the US government, regulators and insurers at this week's NAIC conference was unprecedented. Sarfraz Thind reports
Eric Cioppa, the regulator's regulator
Maine's superintendent of insurance has taken on the mantle of NAIC president for 2019. He talks to Sarfraz Thind about regulatory priorities and how he will marshal the 50 states to reach a common view
Ten years old today
Peter Field reflects on a decade of publishing a title that has its roots in Solvency II but has broadened its coverage to all aspects of risk management in insurance companies worldwide
InsuranceERM's Technology Guide 2018-19 is now live
Christopher Cundy introduces this year's guide to risk, capital and asset management software
IAIS gears up for a global supervisory regime
Since the International Association of Insurance Supervisors introduced the Insurance Capital Standard in 2016, the industry and some supervisors have pushed for fundamental changes in a number of areas. With a new consultation package, the IAIS aspires to square the circle. Aggelos Andreou reports