2859

Chile edges towards risk-based capital for insurers

Chilean insurers were strong enough to weather the financial crisis and the devastating 2010 earthquake. Now they're readying themselves for a framework similar to pillar 2 of Solvency II, while awaiting the regulator's plan for pillar 1, as Rodrigo Leiva explains

2857

FINMA proposes SST changes because of SII delays

Swiss authority also addresses interest-rate problem

2855

Eiopa chairman bemoans spending cut

Bernardino wants independent line for authority in EU budget

2854

Insurance Europe welcomes long-term guarantee tests for Omnibus II

But regrets impact assessment may lead to a Solvency II delay

2853

IMAP firms have underestimated the data challenges

An FSA report judges that most firms are on the right track to meet the internal model data requirements but some lag on basic governance issues, like grasping the principle of accuracy, completeness and appropriateness of data. Lorna Davies reports

2793

Insurers braced for billion-dollar losses from US drought

AIR estimates losses up to $20bn

2791

US sells remaining AIG assets for $6.6bn gain

Brings taxpayer bail-out of insurer to close

2786

NAIC's ORSA identified as top insurance risk trend in North America

SunGard lists 10 developments shaping firms' strategies

2783

Typhoon Haiku causes $230m insured losses

"Urgent need" for more natural catastrophe coverage in China

2781

Top insurers lack understanding of capital modelling

Focus on compliance masks failure to see strategic benefits, says KPMG