financial interconnectedness

Reinsurance companies won’t be designated as systemically important (G-SII) because they aren’t systemic, according to SCOR CEO Dennis Kessler, a view that is also held by rating agency Standard & Poor’s.

The International Association of Insurance Supervisors (IAIS) has published its assessment methodology and policy measures for global systemically important insurers, or G-SIIs. As we wrote previously, there had been some uncertainty about how insurance-linked securities and catastrophe bonds would be treated, but this has now been clarified.

The international insurance and reinsurance think-tank The Geneva Association has been one of the more vocal organisations on the topic of systemic riskiness of global insurers and reinsurers. Back in August they voiced concerns about the International Association of Insurance Supervisors (IAIS) work to identify ‘globally systemically important insurers’ saying that when assessing systemic risk […]

Our regular readers will be aware that we’ve been following the work of the International Association of Insurance Supervisors (IAIS) which has been looking at ways to identify and manage what they term G-SII’s or Globally Systemically Important Insurers. By insurer you can also read reinsurer and any entities involved in re/insurance type business. Of […]

The Geneva Association, a leading international insurance think tank for strategically important insurance and risk management issues, has offered its opinion to the International Association of Insurance Supervisors (IAIS) on their work to identify globally systemic insurers and insurance activities. The IAIS have proposed a methodology to identify systemic riskiness in the insurance and reinsurance […]

The International Association of Insurance Supervisors (IAIS) have published a follow up to their November 2011 paper on the insurance and reinsurance sectors and whether they contribute to global systemic risk. The latest paper looks specifically at reinsurance and concerns related to whether there are connections between reinsurance and broader financial stability. It looks at […]

Our regular readers might remember that we wrote about a paper that the International Association of Insurance Supervisors (IAIS) had published in November which provided their thoughts on how the re/insurance industry interacts with the wider financial markets. The paper discussed systemic risk from re/insurers and identified insurance-linked securities and catastrophe bonds as instruments that […]

The International Association of Insurance Supervisors (IAIS) has published a paper today which provides their perspective on the role of the re/insurance industry and its interaction with the wider financial markets. The report suggests that the more re/insurers get involved in non-traditional techniques of risk transfer the more likely they are to pose global systemic […]