Reinsurers challenge enhanced G-Sii assessment

Swiss Re managing director Philippe Brahin says substitutability a diminishing issue and interconnectedness overstated

Reinsurers should be assessed for systemic risk using the same methodology as primary insurers, rather than being subject to a bespoke methodology, say reinsurance executives.

The International Association of Insurance Supervisors (IAIS) recently launched its annual data collection exercise to assist in the identification of global systemically important insurers (G-Siis). The list of G-Siis will be updated in November to include reinsurance companies for the first time.

Last summer, the IAIS