Bermuda: Living life (insurance) in paradise

Link: https://www.milliman.com/en/insight/bermuda-living-life-insurance-in-paradise/?utm_source=linkedin&utm_medium=social-global-company-page&utm_campaign=life

PDF: https://www.milliman.com/-/media/milliman/pdfs/2022-articles/3-28-22-bermuda.ashx

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Description:

We review the history of life insurance in Bermuda, reflect on how we have gotten to where we are today, and look forward to what may be ahead. We present a hypothetical—yet realistic—case study to illustrate some of the factors that can lead to a strategic decision do business Bermuda. From an embedded-value perspective, we highlight potentially considerable benefits from a move from a U.S. statutory basis to a Bermudian economic balance sheet.

Author(s): Tony Dardis, William C. Hines, and Su Meng Lee

Publication Date: 28 March 2022

Publication Site: Milliman

Credit FAQ: Understanding S&P Global Ratings’ Request For Comment On Proposed Changes To Its Insurer Risk-Based Capital Adequacy Methodology

Link:https://www.spglobal.com/ratings/en/research/articles/211206-credit-faq-understanding-s-p-global-ratings-request-for-comment-on-proposed-changes-to-its-insurer-risk-bas-12183007

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Excerpt:

The main reasons for the proposed changes to our criteria include:

Incorporating recent data and experience since our last update of the insurance capital model criteria;

Enhancing global consistency in our risk-based capital (RBC) analysis;

Increasing risk differentiation in capital requirements where relevant and material to our analysis, as well as reducing complexity where it does not add analytical value;

Improving the transparency and usability of our methodology, such as with our proposal to supersede 10 related criteria articles; and

Supporting our ability to respond to changes in macroeconomic and market conditions by introducing sector and industry variables.

A list of changes to our proposed criteria appears in the RFC and in the appendix of this article.

Author(s):

Simon Ashworth, Ali Karakuyu, Carmi Margalit, Eunice Tan, Sebastian Dany, Olivier J Karusisi,	Ron A Joas, Mark Button

Publication Date: 6 Dec 2021

Publication Site: Standard & Poors