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Reinsurers won’t be on systemically important (G-SII) list: Kessler & S&P

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.Speaking yesterday at an Insurance Institute of London lecture at Lloyd's, Kessler explained that in his view reinsurance companies do read the full article →

IAIS classes ILS and cat bonds as traditional insurance activities

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.When the measures were read the full article →

Global insurers pose less systemic risk than global banks

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 read the full article →

IAIS proposes policy measures for globally systemically important insurers

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 read the full article →

When assessing systemic risk, focus on activities of systemic importance: Geneva Association

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 read the full article →

As insurance-linked securities markets grow potential for systemic risk needs to be monitored

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 read the full article →

IAIS to identify globally systemically important insurers, ILS are a factor

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 read the full article →

IAIS: non-traditional re/insurance activities increase exposure to financial markets

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 read the full article →