There is little doubt that 2014 will see continued regulatory change. And with it will come additional strain on insurers. As this year’s Evolving Insurance Regulation report suggests, the next two years will be critical in the development of global insurance regulation.
“The need for open, transparent and informed debate to achieve the most effective and efficient frameworks is paramount. Now is the time to challenge old paradigms and set out a new agenda.”
Supported by a major survey of the world’s largest insurance groups, this year’s report demonstrates that the industry is becoming increasingly concerned that existing insurance regulators will be unable to agree on new global standards. Many suggest that ComFrame is destined for the same delays that have plagued Solvency II.
This EIR report looks at how regulatory change – both at the global and the regional level – is impacting insurers and insurance markets around the world. It includes in-depth market reports from KPMG’s network of member firms and regional overviews from our Global Insurance leaders. And it provides experienced insights on many of the key issues facing the market today.
Some of the key themes discussed in the report include: