regulation

A new report has been published by Oliver Wyman and Morgan Stanley looking at how Solvency II regulation and oversight will affect the insurance industry. Solvency II is something we’re following closely as it’s looking likely that it will spur on risk transfer and potentially insurance-linked securities.

KRAKOW, POLAND (17 September 2010) –Attendees at the Weather Risk Management Association’s (WRMA) 11th European Meeting gained insight into the impact of volcanoes on weather patterns, the new EU proposed derivatives legislation, and how weather extremes affect risk. The meeting was held 15-17 September 2010 at the Sheraton Krakow Hotel in Krakow, Poland.

Today I happened across a great article written by Barlow Lyde & Gilbert LLP (a leading international law firm with a big reinsurance practice) which takes a look at the recent International Association of Insurance Supervisors report (as we wrote about here) and seeks to answer some of the questions it raises.

As I posted about earlier, the Bermuda Monetary Authority has now published it’s new guidance note on a new regulatory framework for Special Purpose Insurers (SPIs). The guidance note discusses the regulatory approach that the BMA will take with incorporation of SPIs in its jurisdiction. It’s a good document which details the way Bermuda wants […]

The Financial Times reports that the Bermuda Monetary Authority will be announcing new regulation today aimed at improving supervision for Special Purpose Insurers. Bermuda has long been a hub for special purpose vehicles, insurers and has been the domicile for many catastrophe bond deals over the years. The forthcoming approach to supervision of these entities […]

A report published today by the International Association of Insurance Supervisors (IAIS) concludes that while the market for transferring risks to the capital markets is still relatively small when compared to traditional re/insurance it is likely to continue its trend of upward growth both in new business and eroding the market share of traditional reinsurance […]

The CEIOPS report that I wrote about yesterday contains some interesting insight into how the Committee of European Insurance and Occupational Pensions Supervisors sees Solvency II affecting the insurance linked securitization market, they consider the 2012 implementation of the new regulatory framework to be key for ILS. Not only will Solvency II recognise derivatives and […]