- What is new: Preliminary findings from the Financial Conduct Authority’s (FCA’s) market study of premium finance, which focuses on motor and home insurance, highlight concerns about affordability, value and transparency,...more
8/4/2025
/ Banking Sector ,
Competition ,
Consumer Financial Products ,
Consumer Protection Laws ,
Financial Conduct Authority (FCA) ,
Financial Services Industry ,
Insurance Industry ,
Interest Rates ,
Loans ,
Regulatory Oversight ,
Regulatory Requirements ,
UK
What is new: The UK government has proposed a new regulatory framework for captive insurance companies, aiming to simplify regulations and enhance competitiveness in the financial services sector.
Why it matters: The...more
7/17/2025
/ Capital Requirements ,
Financial Conduct Authority (FCA) ,
Financial Institutions ,
Financial Services Industry ,
Insurance Industry ,
Life Insurance ,
Proposed Regulation ,
Prudential Regulation Authority (PRA) ,
Regulatory Reform ,
Regulatory Requirements ,
Reporting Requirements ,
Risk Management ,
UK
This chapter discusses the prudential solvency regimes in the Middle East, a crucial topic for anyone involved in the insurance industry. The Middle East is an exciting place to be in today’s insurance market. It is expected...more
7/8/2025
/ Capital Requirements ,
Financial Institutions ,
Insurance Industry ,
Insurance Regulations ,
Investment Management ,
Middle East ,
Popular ,
Prudential Regulation Authority (PRA) ,
Regulatory Oversight ,
Regulatory Reform ,
Regulatory Requirements ,
Reinsurance
This chapter of the Encyclopaedia of Prudential Solvency focuses on the prudential solvency regime of the Cayman Islands, a prominent (re)insurance hub. The Cayman Islands initially rose to prominence in the insurance...more
Host Rob Chaplin and colleague Caroline Jaffer provide “The Standard Formula” listeners with an overview of prudential solvency regimes in five Middle East jurisdictions — the United Arab Emirates, Saudi Arabia, Qatar,...more
In a recent speech, Gareth Truran, the executive director of insurance supervision at the UK Prudential Regulation Authority (PRA), set out observations on growth in bulk purchase annuity (BPA) deals. The number of BPA deals...more
This chapter discusses prudential insurance regulation in Japan. Japan is the fourth-largest insurance market in the world, with a broad customer base and a varied range of offerings. This profile, coupled with ongoing...more
5/5/2025
/ Asia Pacific ,
Brokers ,
Capital Requirements ,
EU ,
Financial Institutions ,
Financial Services Industry ,
Insurance Industry ,
Insurance Regulations ,
Japan ,
Life Insurance ,
Prudential Regulation Authority (PRA) ,
Regulatory Agenda ,
Regulatory Reform ,
Regulatory Requirements ,
Reinsurance ,
Risk Management ,
Solvency II ,
UK
On the heels of the publication by the International Association of Insurance Supervisors (IAIS) of a draft consultation paper analysing the structural shifts in the life insurance sector to increase allocations to...more
Key Points -
- The IAIS has issued a detailed analysis of the structural shifts in the life insurance sector related to the increasing allocation to alternative assets and prevalence of asset-intensive reinsurance...more
3/24/2025
/ Asset Management ,
Capital Markets ,
EU ,
Financial Institutions ,
Financial Services Industry ,
IAIS ,
Insurance Industry ,
Investment ,
Private Equity ,
Regulatory Requirements ,
Reinsurance ,
Risk Management ,
UK
This chapter discusses the Bermudian prudential solvency regime. Bermuda rose to prominence in the insurance and reinsurance industries in the late 1960s and early 1970s, largely due to its pioneering work in the...more
3/17/2025
/ Bermuda ,
Capital Markets ,
Capital Requirements ,
Compliance ,
Financial Regulatory Reform ,
Financial Services Industry ,
Insurance Industry ,
Regulatory Requirements ,
Risk Management ,
Tax Planning ,
Tax Reform
Established in 1994, the International Association of Insurance Supervisors (IAIS) is a voluntary membership organisation comprising insurance regulatory authorities, central banks, ministries of finance, and other...more
3/17/2025
/ Banking Sector ,
Basel Committee on Banking Supervision (BCBS) ,
Capital Markets ,
Capital Requirements ,
EU ,
Financial Regulatory Reform ,
Financial Services Industry ,
Global Market ,
IAIS ,
Insurance Industry ,
Insurance Regulations ,
Regulatory Authority ,
Regulatory Oversight ,
Regulatory Requirements ,
Regulatory Standards ,
Risk Management ,
Solvency II ,
UK
“The Standard Formula” host Rob Chaplin is joined by London associate Caroline Jaffer to discuss the International Association of Insurance Supervisors and its adoption of the Insurance Capital Standard, which represents a...more