Latest Industry Sectors Articles

China: On its Way towards a Risk-based Insurance Solvency Regime

Dr Jianzhong Yao, ACR Capital Holdings | 18 July

Since China reopened its insurance markets in the 1980s, the Asian giant has become one of the fastest growing insurance markets in the world, with the nominal annual premium growth rate of the property and casualty (P&C) sector in the past 10 years reaching about 22%. According to industry figures, China’s premium volume of US$126bn ranked it as the third largest P&C market worldwide in 2013, only marginally behind Germany’s US$133bn (the US remains a distant leader with a P&C premium volume of US$726bn). As at the end of 2013, China’s total insurance assets amounted to US$1,338bn, of which US$177bn stemmed from the P&C sector.

Bank Payment Obligation: A Tortoise in the Race?

Oliver Spitz, UniCredit | 17 July

Bank Payment Obligations (BPOs), are becoming a popular alternative to both letters of credit (LCs) and open accounts, with their use predicted to catch up with LCs by 2020. This article outlines the benefits and also explains why until now take-up has been fairly subdued.

The Bottom Line from Basel III

Nick Burge, Lloyds Bank | 8 July

The package of new rules being introduced under the Third Basel Accord have been held up as the world’s best chance to avoid another financial meltdown. These regulations aim to support long-term financial stability and growth in the economy, as well as armouring banks against financial stress, and are the key regulatory response to the banking crisis of 2008. At their core, they aim to make banks less risky by determining minimum requirements for managing against both solvency and liquidity events.

Industry Sectors Blogs

Industry Sectors Interviews

Industry Sectors Q&As

Industry Sectors Videos