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