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ARTICLE · 06 JUNE 2013

Evolving Insurance Regulation - A New Dawn…

For insurers across the world, 2013 is shaping up to be another year of significant regulatory and commercial change.

South AfricaFinance and Banking

For insurers across the world, 2013 is shaping up to be another year of significant regulatory and commercial change.

This year's edition of Evolving Insurance Regulation, published by KPMG's Global Financial Services Regulatory Centre of Excellence, offers a unique overview of – and insight into – the increasingly wide range of regulatory drivers, and examines ways in which the industry can balance these new demands.

Initiatives such as systemic risk, group-wide supervision and the IAIS ComFrame proposal remain a key focus for many insurers and regulators. Increasingly, as more jurisdictions begin to implement the ICPs, assessing how best to accommodate multi-jurisdictional compliance and reporting requirements becomes a growing strategic challenge.

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