News/Insurance
40% of insurers fail to specify climate as a key risk – LCP
Despite regulators’ urging, many UK and Irish insurers omit climate from risk statements, says report
No plans to scrap systemic insurer rules, says IAIS chair
A US regulator claims Europeans asked IAIS to chart own course after FSB moved to ditch G-Sii list
US blocking new list of global too-big-to-fail insurers
US wants designation suspended until new, activities-based approach is ready
Insurers say capital rule threatens long-duration products
Implied credit charges could triple under one approach being field-tested by regulators
Insurance experts downplay fears about risk margin
BoE paper’s prophesies of lower investment and thinner liquidity are too dramatic, specialists think
Better data key to cyber risk underwriting, say practitioners
Lack of loss data means predictions are a problem
Cyber insurance not a risk management tool, say banks
Lengthy payout mechanism of cyber policies makes it ineffectual against large losses, dealers argue
Eiopa to revisit standard formula calibrations in ‘recurring exercise’
Authority considering periodical reviews to preserve Solvency II’s risk sensitivity
Index rule change could test bond market liquidity
More than 1,000 bonds will be removed from the Barclays US Agg on April 1
China’s insurers wrestle with ALM as liabilities lengthen
Clampdown on overseas investment fuels pressure to find long-duration domestic assets
Fresh Priips objections reignite timing fears
Supervisors' concerns could delay adoption and put pressure on implementation timeline
Eiopa stress test highlights UK reliance on matching adjustment
Tests reveal how unwelcome any watering down of key measure would be
Final Priips rules tipped for April 2017
Banks may push ahead with publishing key information documents before compliance date
Federal insurance bodies defend role under Trump
Federal Insurance Office and Federal Reserve say work alongside state regulators critical for industry
Industry applauds 12-month Priips delay
Firms say Mifid alignment will minimise legal risks of key information documents
Buy side turns to credit skew notes for yield pick-up
Revival of credit derivatives arbitrage strategy targeted at insurers and private banks
Treating sovereign bonds as risk-free ‘courageous’ – Parente
UFR update needed for credibility; too early to change risk margin, Eiopa director tells conference
Supervisors must police activities, not entities – Allianz’s Buecheler
Regulatory chief welcomes debate moving beyond ‘too-big-to-fail’
Insurers cannot get round Brexit with ‘brass plaques’ – CBI
Firms will need a substantial presence in Ireland to sell into single market, says regulator
Risk managers wary of op risk securitisation
Sfr270 million transaction by Credit Suisse and Zurich thought unlikely to be copied due to SMA
Negative rates force decline in yen life products
Japan’s life firms are increasingly focused on foreign-currency products