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

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

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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…

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