Insurers count cost as supervisors embrace RRPs

Recovery plans catching on as domestic regulatory tool

rescue-helicopter

Insurers are beginning to face pressure from domestic regulators to draw up recovery and resolution plans like those required at global level, but experts say the exercise will be - and should be - less painful than feared.

The moves come nearly two years after the Financial Stability Board (FSB) ordered global systemically important insurers (G-Siis) to draw up recovery and resolution plans (RRPs), laying out their ability to survive stresses and a plan for orderly wind-down when recovery is im