Global insurers reiterate concerns about Canadian reinsurance proposals

The Global Federation of Insurance Associations have again raised serious concerns about proposed capital rules from the Canadian Office of the Superintendent of Financial Institutions (OFSI),…

Canadian proposals to limit reinsurance use would triple capital requirements and concentrate risk

Proposals by the Canadian Superintendent of Financial Institutions (OSFI) to limit the ability of insurers to use reinsurance would require firms operating in Canada to more than triple their …

G20 focus on ageing society key to ensuring people’s dignity in retirement

GFIA strongly supports the Japanese Group of 20 (G20) Presidency’s focus on the ageing society, which reflects the importance of finding ways to ensure that people can live a decent and heal…

IAIS systemic risk proposals must be better defined

To develop an effective holistic framework for systemic risk in the insurance sector, the International Association of Insurance Supervisors’ (IAIS) must better define systemically risky activi…

Insurers provide feedback to OECD on cyber issues

The Global Federation of Insurance Associations (GFIA) has provided feedback to the Organisation for Economic Cooperation and Development (OECD) on its next steps on cyber issues. GFIA said the…

Concerns raised about overly prescriptive IAIS paper

The significant costs insurers face when developing recovery plans — as well as the existence of other risk management tools — mean that insurance supervisors must have the flexibility to tai…

Global insurers reiterate concerns about Canadian reinsurance proposals

The Global Federation of Insurance Associations have again raised serious concerns about proposed capital rules from the Canadian Office of the Superintendent of Financial Institutions (OFSI),…

Canadian proposals to limit reinsurance use would triple capital requirements and concentrate risk

Proposals by the Canadian Superintendent of Financial Institutions (OSFI) to limit the ability of insurers to use reinsurance would require firms operating in Canada to more than triple their …

G20 focus on ageing society key to ensuring people’s dignity in retirement

GFIA strongly supports the Japanese Group of 20 (G20) Presidency’s focus on the ageing society, which reflects the importance of finding ways to ensure that people can live a decent and heal…