Thursday, 30 June 2011

Insurance SIFIs - Metric ideas from the AAA

Spotted this, and it looked intriguing - American Academy of Actuaries proposing metrics "regarding size, interconnectedness and risk assumption" to assess whether insurance companies are systematically important - the AIG angle still seems to be driving this desire (resisted by almost every insurance lobbying group) to include a couple of insurance giants in the SIFI pot. I haven't looked for the paper itself, so google away if you are hot on this topic!

The second notable point here was that a "voting insurance expert" has beeen elected to the Financial Stability Oversight Council - not sure if that increases or lessens the likelihood of some insurers being captured as SIFIs.

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