The Joint Forum of banking, securities, and insurance supervisors has been working to enhance mutual understanding of issues related to the supervision of firms operating in each of the respective sectors. This report responds to the parent committees’ request to compare approaches to risk...

Insurance companies assume risk on behalf of policyholders. They mitigate these risksby acquiring insurance with reinsurers. Through the use of reinsurance, an insurer can reducerisk, stabilise its solvency, use available capital more efficiently and expand underwritingcapacity. Reinsurance...