Paul Sharma

EU wades into insurance systemic risk debate

The European Systemic Risk Board has proposed countercyclical rules to avoid firesales by distressed insurers and a build-up of systemic risk.

James Scoville

Transparency key test for new systemic insurance methodology

The new proposals from the International Association of Insurance Commissioners will add more qualitative elements to deciding what makes an insurer systemic.


Insurance resolution principles take shape

The Financial Stability Board proposals for insurance resolution strategies allow for significant supervisory discretion to reflect specific business models at each global systemic insurer.


Insurers seek two-step approach to global capital standards

The industry is urging regulators to avoid superseding local regimes at the first step of developing global insurance capital standards.

Regulator calls for Solvency II clarification

The Bank of England warns that EU member states have different views on whether insurers can automatically assume the use of the Solvency II volatility adjustment in their internal model assumptions.

Transatlantic insurance talks begin

The US has opened talks with the EU under the Dodd-Frank Act to enable mutual recognition of insurance and reinsurance prudential regulation regimes.

Better Markets sues for transparency in MetLife case

Campaign group Better Markets has filed a lawsuit demanding public transparency in MetLife’s court case against the Financial Stability Oversight Council over the insurance company’s designation as systemically important. 


Regulators forge ahead with higher loss absorbency

The International Association of Insurance Supervisors is pushing ahead with a proposed capital buffer despite incomplete work on its key parameters.


Solvency II infrastructure review extended

The European Commission wants to consider lower solvency requirements for insurance investment in infrastructure corporates as part of the Solvency II recalibration.

Insurers offered three year reprieve from IFRS 9

The International Accounting Standards Board is considering giving insurance companies an option to defer the start date for IFRS 9 Financial Instruments from January 2018 until 2021.