Insurance Risk North America: Bank-centric capital backstop 'would threaten consumers'
MetLife CRO outlines company's proposal for backstop capital standard
Policy-makers should not impose bank capital standards on systemically risky insurers as this would be inappropriate and would be harmful to consumers, MetLife's head of global risk management and chief risk officer has warned.
The International Association of Insurance Supervisors (IAIS) is currently developing a minimum or backstop capital requirement (BCR) for global systemically important insurers (G-Siis) and has committed to doing this by November 2014. There are fears that a standard
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