• (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 - Actuarial Viewpoints on and Roles in Systemic Risk Regulation in Insurance Markets, International Actuarial Association