Vast potential in Brazil continues to draw foreign insurers despite ‘ferocious’ regulator’s reputation
To understand why reinsurance and insurance companies have set their sights on Brazil despite the country’s fiendish regulations, one just has to take a look at the values involved in the exploration of their vast and mostly untapped oil and gas reserves.
Rates tumble after liberalisation but product innovation still low
The liberalisation of the reinsurance market in Brazil has enabled insurance rates to fall and has helped to increase capacity in some business lines, according to insurance leaders gathered in Rio de Janeiro.
In search of certainty
If there is such a thing as a buzzword for Solvency II, it surely must be ‘uncertainty’. Many in the re/insurance sector might have much stronger words to describe the whole Solvency II process, given the amount of time and money already spent on it. And possibly some of the strongest words would be expressed by those who own and manage captives because perhaps the greatest uncertainty of all has been faced by this part of the industry. The uncertainty is founded on some pretty fundamental matters.
Outlook for captives improves as Brussels keeps quiet
Lack of noise from Brussels specifically on captives appears to have boosted confidence among experts that Solvency II may not be quite as bad for the market as originally feared. Tony Dowding reports.
The big question for domiciles–in or out?
Captive statistics
Spanish insurers fret over Solvency II ORSA requirements but gloss over eurozone threat
Arab Spring sparks demand for greater transparency and accountability in Gulf
Retention levels key to local insurance market development agree experts
Gulf cat exposures may need rethink
Growth markets ‘fraught with greater risk’—Hartwig
Inability to accurately value information holds back cyber insurance
Sorting out dysfunctional boards is key to managing reputational risk
Risk consequence of power blackouts on the rise
German insurers need to work harder to follow customers abroad: risk managers and brokers
WEF report: Big questions and no easy answers for world’s risk managers
New risk management practices needed to safeguard transport and supply chain networks, report warns
Year-end renewals suggest global programmes will be hit by Thai and Japan losses
Global property catastrophe RATES up 9.5% but casualty flat, European markets mixed—brokers
Trade credit market hardening again
P&I market hardening as claims rise and solvency rules bite
Demand for global credit cover rises as buyers seek to control aggregates
A risk in time
Boards must take audit more seriously to avoid additional legislation
Global reach demands sharper focus on corruption claims Burbidge-King
Parmalat, Ahold and the long road to EC action
The long {and sometimes bumpy} road to recovery
The captive question
Retreat, enhance or tidy up are core options for captive owners under Solvency II
Clear strategy, communication and scenario planning critical for implementation of Solvency II for captives
South American risk landscape improving but prepare for big differences warns Gil
Don’t be fooled by common language in Brazil
