Global Corporate Insurance & Regulatory Bulletin

Global

• Responses to IAIS Consultation on Basic Capital Requirements for Global Systemically Important Insurers

Asia

• China – New Measures on Administration of Acquisitions and Mergers of Insurance Companies
• China – Insurers Allowed Wider Investment Channels
• China – New Bancassurance Rules
• China – Regulations regarding Bitcoin
• China – Tax to be Deferred on Pension Contributions from 1 Jan 2014
• China – Further Reforms to the Insurance Business in 2014
• Hong Kong – Measures to Attract Captive Insurers to be Established in Hong Kong
• Hong Kong – Establishment of a New Independent Insurance Authority
• Singapore – Tax Treatment of Insurance Investments
• Vietnam – An Overview of Vietnam’s Insurance Market

UK/Europe

• UK – Lloyd’s 2014 Guidance Notes on Solvency II
• Germany – Proposed Amendments to the Regulation on the Investment of Restricted Assets of Insurance Undertakings

US/Americas

• US – NAIC’s Spring National Meeting
• US – New York Proposes Alternative to XXX/AXXX Reserve Financing Transactions
• US – New York Adopts Regulation 203 relating to Enterprise Risk Management and Own Risk and Solvency Assessment
• US – Vermont’s New Legacy Insurance Management Act
• US – NAIC Provides ORSA Guidance in New Feedback to Industry
• US – Congressional Hearing on the FIO’s Modernization Report
• US – Delaware Amends Insurance Code with respect to Insurance Companies’ Borrowings from Federal Home Loan Banks