Nine insurers ranking as systemic

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Oct 2013

The Financial Stability Board (FSB) released mid-July the list of insurers that pose systemic risk in the event of bankruptcy affecting one of them. The criteria in force are similar to those adopted by the International Association of Insurance Supervisors (IAIS).

Used with permission from Microsoft (modified picture)

Risks pertain to the links these insurers may have with the financial system and the so-called non-traditional or non-insurance activities. The initial list includes groups: AIG (USA), Allianz (Germany), Aviva (GB), Axa (France), Generali (Italy), MetLife (USA), Ping An (China), Prudential (GB), Prudential Financial (GB). This list will be regularly revised in November each year.