Systemic Risk – Actuarial – International

(p1) From a regulatory position, the simple postulation that insurance sector entities will not be a source of future systemic risk events due to historical observation could lead to the failure to identify, assess, monitor and mitigate the critical trends and signs of future systemic risk events.
(p38) Future consolidation of the life reinsurance industry in some locations could lead to concentration of counterparty risk.

2013 05 – IAA – Actuarial Viewpoints on and Roles in Systemic Risk Regulation in Insurance Markets, IAASystemicRiskRegulationPaper_Final_May2013 – International Actuarial Association – 46p

“The purpose of this paper is to provide actuaries with the background to address conditions and tools to identify, assess, monitor and mitigate systemic risks. The scope of this paper is limited to global insurance market operations and risks of systemic events in those markets. From the global context, a macro-prudential approach towards the regulation for systemic risk is assumed. The role of actuaries in assisting systemic risk regulators with respect to insurance markets is identified and discussed in a global market context.” – [Bonk: From Website]