RBC Worldwide Solvency Modernization Initiative, Risk based capital

News

New Zealand to consider additional solvency buffer for insurers

RBNZ also to scrutinise insurers' conduct

New Zealand to review insurance solvency standards

Regulator blames troubled insurer CBL for not being transparent

US introduces bill to protect own interests ahead of IAIS Abu Dhabi meet

Bill to ensure US negotiators reject ICS if it doesn't recognise US system

Apra consults on integrating IFRS 17 into prudential framework

Australian regulator also asks insurers for AASB 17 preparation update

Three ways capital modelling is evolving

Conning’s Daniel Finn discusses the prospects for insurers’ capital and economic modelling practices

ICS 2.0 issues must be dealt with before November, says Insurance Europe

The European trade body has called for the ICS framework to be stabilised

Korean non-life insurers may reduce offering of long-term products under IFRS 17

Non-life firms also in better position to handle K-ICS, says AM Best

China becomes AIA's fastest growing market

AIA's CEO also condemns violence from Hong Kong protests

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

Analysis

IAIS Abu Dhabi: Why the Treasury and NAIC returned different ICS conclusions

“Team USA” voiced wildly divergent tones in their reaction to the ICS talks in Abu Dhabi last week. But, despite their strong statements, the US negotiators appear to be in accordance over zero implementation of IAIS’s capital accord and the potential to move forward with compromise. Sarfraz Thind reports

The Fed and insurance rules: an eclectic fit

The US Federal Reserve created an advisory committee last month – and Manulife’s treasurer Halina von dem Hagen is joining it. She tells Sarfraz Thind about the key issues the market might want to consider right now, including mark-to-market regulation and systemic risk

ICS 2.0: comparability is the hot topic at IAIS Abu Dhabi meeting

A decision on comparability of solvency regimes at the International Association of Insurance Supervisors meeting next month will determine the future of the Insurance Capital Standard. Paul Walsh reports

What's on the horizon for Bermuda's re/insurance market

Deloitte’s Gokul Sudarsana talks to Christopher Cundy about his thoughts on some of the trends and challenges that face Bermuda's insurance market

Hong Kong approaches transition to risk-based capital

Hong Kong’s long-awaited risk-based capital (RBC) regime is beginning to take shape ahead of its planned implementation in 2022. Paul Walsh reports on the latest developments

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