Alignment of regulatory requirements

|Alignment of regulatory requirements

NTNI from a CRO Forum Perspective

The International Association of Insurance Supervisors (IAIS) is participating in a global initiative, with the Financial Stability Board (FSB) and the G20, to identify potential global systemically important insurers (G-SIIs). As part of this initiative, the IAIS has issued a public consultation on proposed measures to identify any insurers whose distress or disorderly failure, because of their size, complexity and interconnectedness, would cause significant disruption to the global financial system and economic activity. The CRO Forum responded to the IAIS draft policy measures. This paper provides some additional background to the response provided.

NTNI from a CRO Forum Perspective 2017-05-10T20:05:28+00:00

Currency Risk under Solvency II

In this paper we discuss the idea behind currency risk. If the guidance for the required capital calculation for FX risk is based on a shock applied to the Net Asset Value of the entities in their respective reporting currencies, then this can create hedge incentives that endanger the solvency of the group and hence policyholder benefits.

Currency Risk under Solvency II 2011-04-26T11:49:09+00:00

Insurance industry urges EU Commissioner Barnier to correct Solvency II implementing measures

In this press release, Representatives of the European insurance industry have urged the European Commissioner for the Internal Market and Services, Michel Barnier, to ensure that the overly conservative and prescriptive elements still contained in the draft implementing measures for the forthcoming EU regulatory regime, Solvency II, are urgently addressed.

Insurance industry urges EU Commissioner Barnier to correct Solvency II implementing measures 2011-04-04T11:54:57+00:00

Principles Governing Transitional Provisions

Solvency 2 represents a step change in the prudential regulation of insurance that promotes the best practice standards of risk management advocated by the CRO Forum. The challenge of implementing a harmonised and risk-based economic approach across the EU should not be underestimated.

Principles Governing Transitional Provisions 2017-05-10T20:05:29+00:00

QIS5 TS High Level Issues

The CRO Forum and CFO Forum are pleased to be able to provide comment on the QIS5 draft specification, as prescribed in the QIS5 consultation. We welcome the openness to cooperation between us and trust that this is merely a point in our continuous dialogue.

QIS5 TS High Level Issues 2010-06-01T10:54:18+00:00

QIS5 Detailed Feedback

The CRO Forum and CFO Forum are pleased to be able to provide comment on the QIS5 draft specification, as prescribed in the QIS5 consultation. We welcome the openness to cooperation between us and trust that this is merely a point in our continuous dialogue.

QIS5 Detailed Feedback 2010-06-01T09:02:52+00:00