Systemic risk definition for insurers flawed, says former IAIS counsellor
International policy-makers should offer clarity on risks posed by different activities, hears Insurance Risk Europe
Insurance standard-setters should have developed a more sophisticated definition of activities that cause systemic risk in their assessment methodology for identifying global systemically important insurers (G-Siis), says a former economic counsellor at the International Association of Insurance Supervisors (IAIS).
Daniel Hoffman, now adviser to the chairman of Zurich Insurance Group, told delegates at the Insurance Risk Europe conference that more time should have been spent differentiating
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