Following the financial crisis, a large number of regulatory reforms have been introduced to ensure future stability in the financial markets. This effort is fully supported by the insurance industry.
However, a worrying trend has emerged. There have been several regulatory initiatives directed at the banking business that have been applied to other financial industries - such as the insurance industry - without taking into account the significant differences between them.
Insurance Europe’s new publication "Why insurers differ from banks" examines the key differences between insurers and banks, providing answers to a number of questions, including whether the activities of insurers and reinsurers are systemically risky, why insurers use derivatives and whether insurers engage in shadow banking activities.