A Focus on the International Developments with respect to Covered Agreements/Reinsurance Collateral, Solvency II Equivalence, Systemic Risk, Corporate Governance, and ComFrame

July 26, 2016 8:00am

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
    agreement
  • 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