Regulation brings unlevel playing field for insurers in Asia

Solvency II has prompted serious interest from the Asian insurance industry, but while regulators head down the risk-based route it is a long way behind the European model, causing problems for international groups competing with their local peers. Theodora Tsentas reports

frank-park-hannover-re

The move to Solvency II in Europe has prompted a number of jurisdictions, both in Africa and Latin America, to adopt a similar approach to regulating their insurance industry. And with historic cultural and financial links to Europe, it would be reasonable to expect Asian regulators to follow their peers in South Africa and Mexico by instituting a similarly sophisticated approach to risk-based capital (RBC) regulation. But this has not proved to be the case.

Until the turn of the millennium

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

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