Supporting financial resilience

Centre for Global Dialogue

Getting the macro dimension right

22 Jun 2010

(Re)insurance and its role in the recent financial crisis was one of the central issues debated by industry leaders at the annual meeting of the Geneva Association, co-hosted by Swiss Re Chief Executive Stefan Lippe. Systemic risk, the modernisation of regulations affecting the sector and the impact of the insurance industry globally were also in focus at the event. Held at the Swiss Re Centre for Global Dialogue, the meeting was attended by 55 of the Association’s 80 members, as well as 40 other...

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Swiss Solvency Test – Our Experience

21 Jun 2010

Swiss Re has been reporting since 2008 under the Swiss Solvency Test (SST): like the forthcoming Solvency II rules in Europe, it is an economic-based regulatory approach that takes an all-risks view of the (re)insurer’s business. By the time Solvency II is implemented in 2013, Swiss Re will have years of experience with SST’s similar requirements. Clients could well benefit from the expertise Swiss Re has gained as well as our strong capital position under SST.

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China’s new accounting rules call for significant risk transfer testing

26 Apr 2010

Under China’s new accounting rules, the recognition of re/insurance policies is subject to a significant insurance risk transfer test. Policies that cannot pass this test will have to be categorised as financial instruments, which means there will, for example, be no solvency relief for the reinsured.

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Making our contribution to financial stability

26 Mar 2010

Insurers’ core activities do not pose a systemic risk. This is the conclusion of a study launched by the Geneva Association, the international think tank and global CEO platform. It recommends that regulators and policymakers focus on risk activities and not on institutions when introducing new macro-prudential regimes.

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Comprehensive US reinsurance regulatory reform: An imperative for sustained industry performance

26 Mar 2010

An important contribution from a strong and viable insurance industry is to help foster a sound economy. Insurers and their reinsurers have a shared responsibility to sustained, solid financial performance in order to be able to protect critical assets for years to come.

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Re/insurance and financial stability

23 Mar 2010

Insurers’ core activities do not pose a systemic risk. This is the conclusion of a study launched by the Geneva Association, the international think tank and global CEO platform.

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Swiss Re CEO Stefan Lippe talks on systemic financial risk

23 Mar 2010

Since the financial crisis began in the US housing market in the summer of 2007, the balance of financial power has shifted dramatically. Regulatory and consumer trust in the financial services industry has been shaken and governments around the world are reclaiming regulatory authority. Several approaches to regulating and monitoring systemic financial risk are emerging, but the question remains whether these measures are appropriate for all players?

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Solvency II – The clients’ perspective

04 Mar 2010

Many clients have already started to look at the impact of Solvency II on their business ahead of implementation in 2012. It might seem like a long way off but we have already started working together to support clients preparing for the new environment. Even if items such as group support have not as yet been adopted by the European Union, the fundamental elements of an economic and risk-adjusted view of the capital environment are going ahead.

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The basics of Solvency II

04 Mar 2010

Solvency II is an ambitious regulatory project in the European Union which could point the way forward for other regulators around the world. Approved by the European Union in March 2009, the new framework directive represents an important milestone on the way to a state-of-the-art insurance regulation system. As the financial crisis has shown, modern, economic and risk-based insurance regulations are the best way forward.

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