‘Too big to fail’ test could miss risky insurers
The criteria proposed for choosing "too big to fail" insurers do not give an incentive to stop risky behaviour and could let companies engaged in systemically risky activities slip through the net, a leading insurance lobby group and thinktank has warned.
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The International Association of Insurance
Supervisors (IAIS)'s proposed methodology for assessing global
systemically important insurers (G-SIIs) has been up for discussion
over June and July. But the test has faced strong criticism from
insurance industry watchdog...
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