'Insurers in Asia likely to face higher capital requirements'...

In Asia-Pacific, the continuing migration towards risk-based-capital-type (RBC) regimes is likely to reveal capital needs among insurers, said Swiss Re s latest sigma study. Titled as Regulatory issues in insurance , the study said although Asia weathered the financial crisis without major insurance insolvencies, regional regulators are aware of the need to shore up prudential supervision of insurance companies, particularly in regard to solvency standards. The migration from Solvency I-type standards towards RBC regimes continues. At the same time, regulators have made various proposals to improve the resilience of current solvency systems. For example, the China Insurance Regulatory Commission has issued a ...

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