Two-tier internal model approval process will leave smaller insurers to fend for themselves
KPMG says new common framework for international supervision is major opportunity for regulatory convergence
Groups are main beneficiaries of internal models, says KPMG
Ban on gender-based pricing will require more conservative capital assessment, say actuaries, unless other risk factors used
Addition to Society of Actuaries' 14 January event
Before Christmas, a number of market participants gave us their thoughts on what are likely to be the major issues for re/insurers this year. Here are edited highlights of the main predictions, with links to the full original versions.
This could be one of the results of QIS5
Global actuarial profession announces speakers and programme for 14 January
They need to add value in the boardroom and at a tactical level
The more voluminous the guidance, the more rigid a legislative framework becomes, says Hitesh Patel. And Solvency II's complex rules and capital requirements could make the insurance industry less transparent to investors and the general public.