Significant amount of work currently undertaken by CEIOPS; Some challenging times ahead; I will focus on two main workstreams: PRIPs and IMD Revision...

1,5 trillion USD of writedowns; an unprecedent use pf crisis management tools; The cost of the crisis; Crisis Management: main issues...

The process; A case for EU action; IGS in MS of the EU/EAA; Design Features; The outcome: What size?...

U.S. policy holder protection; U.S. garanty fund system; Notable Features...

Three propositions: Insurance Companies can be systemic importance; Insurance companies should be subject to tougher regulation and supervision; Risks should be assessed on a group-wise basis...

All enterprises in the DJ sector Titans Insurance Index operate as groups of companies, and many other insurance groups exist, including legal entities domiciled in different jurisdictions...

The importance of supervisory colleges has been underscored by the various international fora. The IAIS has responded in a timely manner with a guidance paper and is actively following-up to improve further the functioning of supervisory colleges...

Equivalence under Solvency II for Bermuda companies is beneficial for European insurers and policy holders. Bermuda is committed to achieving regulatory equivalence..

An important new dimension of the regulatory environment in banking and insurance is the explicit reliance on market discipline. Expectation: A transparent market will require less overt intervention by regulators (market participants themselves force appropriate behavior)...

An Example of the Steps of Market Development, Assessments Completed, After 2003 the Bank developed an alternative template, Observance of ICPs...