Regulatory Trends in Asia and Risk to (Re)insurers
Regulatory risk: changes to insurance regulation and supervisory regimes as well as from interactions with authorities which reduce business opportunities,create undue burden of operations ormisrepresent business in financial statements.
For institutions operating globally, risk can arise from:
- Nationalist agendas that do not consider needs of international players
- Forward looking regulation for emerging risks
- Misunderstanding of implications for operations