Video: ING Asia CRO Doug Caldwell on Solvency II and use of liquidity swaps in Asia

Local insurers are still offering products at cheaper prices compared with insurers offering risk-based capital structures compliant with Solvency II, according to Doug Caldwell, chief risk officer for ING Asia-Pacific in Hong Kong. Caldwell also discusses how banks are conducting liquidity swaps with insurers to help meet Basel liquidity rules in the region.


ING alongside other European insurers has migrated to asset and liability management pricing of products under a risk-based capital (RBC) Solvency II basis for a number of years. The development has created a more level playing field for European insurers operating around the world but there are still challenges in Asia, according to Doug Caldwell, chief risk officer for ING Asia-Pacific in Hong Kong.

"It creates an unlevel playing field where companies don't understand the value of options and

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