Sign up and be the first to know

About Hugh Terry & The Digital Insurer

Hugh Terry & The Digital Insurer Video

Contact Us

1 Scotts Road
#24-10 Shaw Centre
Singapore 228208

Write an article

Get in touch with the editor Martin Kornacki

email your ideas at martin.kornacki@the-digital-insurer.com

Pre Registration Popup

itcasia2020 Registration Popup

Share Popup

Prime Member: Find out more

Access a unique programme!
  • 56 pre recorded lesson of online content from industry experts over 7 courses
  • The best in digital insurance for practitioners and by practtioners
  • Online MCQ after each lesson
  • Join the discussion forum and make new friends
  • Certificate upon completion to show your expertise and comitment
  • 3 months to complete
  • Normal price US$1,400 Your Prime member price is US$999
  • Access to future versions included in your Prime membership!
Become a member

Prime Member: Contact Us

REach out to us. Please fill up the form below
  • Let us know how we can help. You can expect a response within 24 hours

BIS: Insurance regulatory measures in response to Covid-19

Executive summary :

Insurance regulatory measures in response to COVID-19

 The Digital Insurer reviews Bank for International Settlements’s Report on Insurance regulatory measures in response to Covid-19

Regulators responded quickly to ease operational challenges

Currently, insurers are more likely to experience losses from financial market volatility than from higher insurance claims arising from COVID-19.

Few insurance supervisors have seen a need to strengthen or adjust prudential requirements to insulate insurers from current financial market uncertainties.

So far, authorities have responded mainly by taking measures to provide operational relief to insurers from regulatory and supervisory requirements so that they can continue providing insurance services. These measures will also help insurers to enhance risk monitoring of their COVID-19 financial exposures.

Some authorities have set out expectations for insurers to conserve capital through prudent exercise of dividend and variable remuneration policies.

The aim is to enhance their resilience against huge uncertainties from potential COVID-19 fallout. Other capital-related measures should relieve supervisory pressures and reduce the tendency of insurers to manage their investments in a pro-cyclical manner.

These measures include: extending the supervisory intervention ladder, triggering the countercyclical lever and recalibrating capital requirements.

The far-reaching impact of COVID-19 calls for sustained vigilance by both supervisors and insurers. In the post-pandemic phase, the extraordinary measures currently warranted will need to be unwound through a carefully crafted exit strategy that preserves sound risk management practices and protects policyholders’ interests.

See the full report for more…

Link to Full Article:: click here

Link to Source:: click here

';

Livefest 2019 Register Popup Event

Livefest 2019 Already Registered Popup Event

Livefest 2019 Join Live Logged-in Not Registered

Livefest 2019 Join Live Not Logged-in