Quantitative Impact Study News Today

IFRS 17 is expected to create uneven reporting by insurers in areas such as asset and liability values and currency hedging risks

Yesterday (28 April 2022), HM Treasury published its much-anticipated consultation paper on its proposals to reform aspects of the UK’s Solvency II regime. At the same time, the...

<p>Insurers play a key role as investors in the UK economy says Charlotte Gerken.</p>
<p>Charlotte talks about the Prudential Regulation Authority’s role in the review of <button title="find out more" aria-controls="dialog-1" data-glossary-open="dialog-1" class="modal__trigger">Solvency II</button>. As part of this review, she says, there is an opportunity to consider reforms that will support insur...

To print this article, all you need is to be registered or login on Mondaq.com. In 2020, there were numerous changes to regulation of the insurance sector in Canada, both in response to COVID-19 and in keeping with regulators long-term plans. This article provides a recap of some of the major changes that insurance companies and other industry participants should keep in mind in 2021. 1. REGULATORY CHANGES Saskatchewans New Insurance Legislation The Insurance Act  (Sask...

On November 26, 2020, the Office of the Superintendent of Financial Institutions (" OSFI") issued for public comment a draft revised Guideline B-2, Property and Casualty Large Insurance Exposures and Investment Concentration (the " Draft Guideline") which would replace the current Guideline B-2, Investment Concentration Limit for Property and Casualty Insurance Companies (the " Current Guideline"). The significant changes to the Draft Guideline address single large insurance exposures of fede...