Industry picks holes in BCR proposals

The International Association of Insurance Supervisors has the unenviable job of devising the first international capital standard. Its initial proposals seek a middle way between the demands of local policy-makers, regulators and insurance companies, but treading such a course won’t keep everyone happy. Louie Woodall reports

bis
IAIS: in search of consensus

The Rorschach test is a psychological assessment where individuals’ interpretations of inkblots are assessed to tease out personality characteristics and emotional processes. In today’s bamboozling regulatory environment, the basic capital requirement (BCR) is the insurance world’s answer to the Rorschach test: each person who tries to explain it ends up saying something different – and saying something about themselves in the process. 

According to the International Association of Insurance

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

The future of life insurance

As the world constantly evolves and changes, so too does the life insurance industry, which is preparing for a multitude of challenges, particularly in three areas: interest rates, regulatory mandates and technology (software, underwriting tools and…

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here