Current State of the Market - icmif
Current State of the Market - icmif
Current State of the Market - icmif
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Regulatory Change<br />
• Regulatory change is everywhere<br />
– But felt most acutely as a result <strong>of</strong> SII<br />
• Regulation is becoming global<br />
– A spreading <strong>of</strong> good and bad regulatory ideas?<br />
• Will this result in<br />
increased understanding <strong>of</strong> risk?<br />
A clean-up <strong>of</strong> poorly capitalised companies?<br />
best practice and better understanding <strong>of</strong> cat<br />
models?<br />
• But at what cost?<br />
Increased consumer costs<br />
Increased reinsurance costs<br />
Enormous regulatory burden<br />
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