• Industry: Financial Services, Insurance
  • Type: Business and industry issue
  • Date: 8/12/2011

Recovery and Resolution Plans for Insurers: Need for broader debate 

Significant debate within the insurance sector has arisen from the question of whether insurers should be considered Systemically Important Financial Institutions, with many in the sector arguing that insurance companies do not pose a systemic risk due to substantial differences between banking and insurance models.
To support the broader debate, a discussion paper from KPMG’s Global Financial Services Regulatory Centers of Excellence paper has been launched called Recovery and Resolution Plans for Insurers: The need for a broader debate. The publication focuses on the application of recovery and resolution planning in the insurance sector and addresses key issues that will impact insurers.

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