Australia

Details

  • Service: Topics, Financial Services Regulation
  • Industry: Financial Services, Insurance
  • Type: Business and industry issue, Regulatory update
  • Date: 16/03/2011

Evolving Financial Services Regulation

Evolving Financial Services Regulation
This series discusses the regulatory challenges facing the financial services industry and provides insight on implications and issues to consider.

Evolving Insurance Regulation: On the move 

Insurance regulation is on the move on many levels and the challenge has been laid down to the insurance sector. For many insurers, these changes are beginning to rank more highly on the strategic agenda within the business and will inevitably reap rewards in years to come.
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This global insurance publication from KPMG's Regulatory Centres of Excellence, takes a fresh look at the various regulatory reform initiatives in the insurance sector – what will the future regulatory landscape look like, and what implications does this have for insurance firms?

 

Key insights

Common themes emerging from international regulatory developments include:

  • the move towards more risk-based approaches to capital and solvency measurement
  • a greater focus on risk management and governance
  • increased use of stress and scenario testing
  • group supervision.

 

 

 

Insurance

KPMG’s Insurance group helps general insurance companies, health, life, reinsurance and broking arms of the industry make better business decisions.