A Focus on the International Developments with respect to Covered Agreements/Reinsurance Collateral, Solvency II Equivalence, Systemic Risk, Corporate Governance, and ComFrame
What is it about?
- Have there been any major moves toward resolving reduced reinsurance collateral issue between US and Europe?
- What criteria do reinsurers from non-US qualified jurisdictions need to show to be deemed “certified” for reduced collateral requirements?
- What are the issues surrounding the “passporting” of certified reinsurers to other jurisdictions once they are certified in one US state? How has the NAIC been working on these issues?
- What is the latest on the US/FIO’s pursuit of a covered agreement
with the EU addressing reinsurance collateral requirements for non-US reinsurers?
- Concerns about federal preemption of state law via a covered
- Impact of Solvency II’s formal implementation on the current
and future status of reinsurance collateral requirements
- Assessing the challenges and benefits of Europe’s Solvency II
regime following its formal January 1, 2016 implementation
- What challenges are being faced by the US insurers due to the lack of harmonization of insurance regulation across jurisdictions?
- Update on possible temporary/provisional Solvency II equivalence for the US and what is on the horizon for internationally active insurance companies in 2016/2017?
- Taking a look at the revised list of global systemically important
insurers issued at the end of 2015
- What has the IAIS done to look at its methodology and criteria
for determining who are global systemically important insurers? Has the criteria significantly changed?
- MetLife and its challenge with the SIFI status
- Prudential and its challenges associated with corporate restructuring in order to be removed from the SIFI list
- What is the latest on the ComFrame project?
- The impact of developing ComFrame on risk management and supervisory colleges