Global Corporate Insurance & Regulatory Bulletin

Global

• Global – IAIS commits to develop a global insurance capital standard by 2016

Asia

• Hong Kong – From self-regulation to a licensing regime
• Philippines – Reform increases insurance capital requirements in preparation for ASEAN 2015
• Taiwan – Outbound real estate investment by insurers expected to increase

UK/Europe

• UK – EIOPA issues Solvency II Guidelines
• UK – Schemes of arrangement by general insurance firms

US/Americas

• US – Additional regulators participating in the NAIC’s process for developing and maintaining the NAIC List of Qualified Jurisdictions