From new solvency standards and high-profile scandals to the rapid growth of AIR, Japan’s FSA faces a shifting insurance landscape. Life-Re spoke with the regulator to understand the key challenges it faces.
Japanese insurer Sompo launched a life reinsurer in Bermuda last month. It is an innovative step in the company’s growth and attests to the importance of asset intensive reinsurance for Japan’s insurers.
In August, the NAIC came out with surprise news that it was considering a capital charge for the life reinsurance market. It has participants concerned. Central to the story is the Cayman Islands.
Liane Hirner, CFRO of VIG, has a strong belief in the merits of listening. It is a trait that has helped her navigate the shifts seen in life insurance in recent years, including macro volatility and the advent of trends
Europe has an €800bn economic investment gap. Alexandra Jour-Schroeder, Deputy Director-General of DG FISMA, European Commission, says European insurers are going to get more opportunities to bridge this.
The Japanese FSA’s nuanced overhaul of its asset intensive reinsurance rules has been welcomed by participants as keeping a key capital-management tool intact for the country’s life insurers. So what do the new rules say?
© Life-Re