The focus of the report extends from risk management and prudential change to include the insurance regulatory reform initiatives currently underway in markets around the world, including the increased focus by many jurisdictions on new consumer protection measures.
Insurance regulation is complex and interconnected, and the unevenness of global requirements will ensure application remains problematic for many insurers. However, for those firms prepared to rise to these challenges, to re-focus and transform their business, and embrace the new consumer agenda, the rewards could be great
This publication is divided into four main sections:
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The latest developments in the International Association of Insurance Supervisors (IAIS);
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Evolving global solvency developments: Beyond compliance, towards value creation;
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The consumer protection agenda;
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Financial reporting, valuation and disclosure – the latest developments.
Full paper
© KPMG
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