insurers’ capital requirements News

UK Insurers Not Likely to See Cuts in Capital Requirements After Brexit: Bank of England

The Bank of England told insurers on Wednesday not to expect any big reduction in capital requirements after Brexit, adding that more capital could be “part of the answer” to meeting a 1.7 billion pound bill for COVID-19 claims. Britain …

Geneva Association Reacts to G20 Insurers’ Capital Mandate

The Geneva Association, the international insurance think tank, issued a bulletin following the publication of both the Financial Stability Board’s (FSB) list of global systemically important insurers (G-SIIs) and the International Association of Insurance Supervisors’ (IAIS) publication of policy measures …

G20 to Require Largest Insurers to Hold More Capital from 2019

The largest global insurers will have to hold more capital from 2019 to cover risks they pose to the financial system should they go bust, global regulators said on Thursday. Regulators also released an initial list of nine insurers, including …