Comprehensive reinsurance regulatory reform: An imperative for sustained industry performance | Swiss Re
An important contribution from a strong and viable insurance industry is to help foster a sound economy. Insurers and their reinsurers have a shared responsibility to sustained, solid financial performance in order to be able to protect critical assets for years to come.
This is why Swiss Re believes it is in everyone’s best interest to take a comprehensive approach to reinsurance regulation consistent with today’s realities and the global nature of the reinsurance business. The existing U.S. regulatory system has served the industry well in an environment where reinsurance regulation as well as accounting and reporting systems varied widely. Historically, it struck a good balance between competing interests. But the world has changed, as reflected by the global nature of reinsurance capacity and enhancements in regulatory oversight in other parts of the world.