Insurance regulation goes beyond Solvency II

 

Solvency II dominates regulation for insurers, but there are a range of other policy makers, such as the International Association of Insurance Supervisors, the Financial Stability Board, G-20 and European Commission that are working on a host of other Directives, initiatives that may well have an impact on the global insurance market.

To many insurers, particularly larger multi-national companies, harmonisation is an attractive proposition, but what is going on behind the scenes to encourage this?

Jim Bichard, UK Insurance Regulatory leader, and Paul Clarke, Global Solvency II leader, discuss the drivers of convergence of insurance regulation internationally.