US Life Insurers’ Level 3 Bond Exposure Doubles to $592 Billion, AM Best Warns
AM Best's new special report finds that US insurers' Level 3 asset holdings have surged over the past decade, with the life/annuity segment and…
Topic
Compliance
Chile’s CMF Finalizes Binding Outsourcing Standard for Insurers, Reinsurers
Chile's financial regulator has closed a two-year rulemaking process with a binding standard on how insurers and reinsurers must manage outsourcing risk. The rule…
NAICOM’s Recapitalisation Drive Hits Turbulence as Insurers Contest Fees
NICON and Nigeria Re are challenging NAICOM over capital-verification fees just after the regulator declared its NIIRA 2025 recapitalisation exercise complete. The dispute, reported…
Washington Court Backs Discovery Breach, Tosses $1M Sanction Over Excess Layers
A Washington Court of Appeals panel affirmed that Cozen O'Connor breached its discovery duty by not surfacing two excess layers above Safelite's primary policy,…
Six Australian Bodies Urge NSW to Scrap Insurance Tax Before 2027 Poll
Six industry, business and consumer bodies have united to demand every New South Wales party commit to scrapping the Emergency Services Levy on insurance…
Chile’s CMF Reopens Consultation on Cross-Border Annuity Reinsurance
Chile's CMF has reopened public consultation on cross-border annuity reinsurance rules, proposing to raise the technical-reserves deductibility cap from 20% to 30% and easing…
APRA Finalizes Level 3 Conglomerate Standards Ahead of October Sunset
APRA has closed out its consultation on remaking the Level 3 conglomerate prudential standards, confirming the administrative-only updates take effect as the current rules…
Brazil Creates GT-SegInfra to Standardize Transport Infrastructure Insurance
Brazil's Ministry of Ports and Airports has created GT-SegInfra, a working group tasked with standardizing insurance and risk-transfer requirements across the country's transport infrastructure…
Japan’s FSA Flags Asset-Intensive Reinsurance in First ESR-Era Monitoring Report
Japan's FSA used its first ESR-era monitoring report to flag tighter oversight of asset-intensive life reinsurance, hardening non-life underwriting, and governance among the country's…
Nigeria’s NAICOM Confirms 43 Insurers Meet NIIRA 2025 Capital Floors
NAICOM confirmed 43 insurers met NIIRA 2025's capital floors and began issuing new licences, while 8 companies remain under final verification before the market's…