Our Encyclopaedia of Prudential Solvency features an in-depth look at all aspects of global prudential solvency requirements.
Chapter 1: The IAIS and the ICS
Chapter 1 examines the objectives of the International Association of Insurance Supervisors and its adoption of the Insurance Capital Standard as it seeks to deliver a common framework for prudential solvency.
Chapter 2: The Bermuda Prudential Solvency Regime
Chapter 2 discusses all aspects of the Bermudian prudential solvency regime and explores the country’s position as a global center for insurance and reinsurance. We also examine how Bermuda’s rapid market growth has led to greater scrutiny from onshore regulators and will surely result in further regulatory evolution.
Chapter 3: Prudential Insurance Regulation in Japan
Chapter 3 delves into prudential insurance regulation in Japan, which is an attractive market for foreign insurers currently undergoing change. We look at key considerations for insurers and reinsurers, and the Financial Services Agency's regulatory efforts to balance the factors facing its booming insurance sector, the world's fourth-largest insurance market.
Chapter 4: The Prudential Solvency Regime of the Cayman Islands
Chapter 4 considers the prudential solvency regime of the Cayman Islands, seeking to understand this popular destination for (re)insurers. We examine the regulatory requirements in the Cayman Islands for various classes of insurer and consider the benefits of a flexible regulatory regime, allowing for bespoke structuring options.