RBC Worldwide Solvency Modernization Initiative, Risk based capital

News

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

Prudential, FWD and AIA review solvency under Hong Kong group capital rules

Rating agencies say new regime is good news for creditors

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