FSF discuss risks of reinsurance

Reinsurance remained on the agenda at the Financial Stability Forum’s (FSF) most recent meeting last month in Paris. Together with credit risk transfer, reinsurance has been identified as a “vulnerability in the international financial system”. Members of the FSF insisted that progress had been made, and the work of the International Association of Insurance Supervisors (IAIS) is making headway with its concept for global reinsurance market data. “Members urged strongly that insurance supervisors and firms continue to move forward together to resolve a number of complex issues,” the FSF said.