Reflecting the overall shift in global thinking away from SIFI designations to regulation based on risky activities or practices, global insurance regulators have proposed an initial step towards an activities-based approach (which they style as ABA) for the world’s largest insurance and (perhaps) reinsurance companies. Unless or until the ABA is finalized, currently-designated SIFI insurance companies remain so designated. What global or national regulators plan to do about them or how any market or risk factors will affect these designations will not be addressed until late 2018.
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