Insurers must not be treated like banks in policies to tackle systemic risk – Geneva Association

Insurance industry helps to stabilise money flows and should not be weakened by regulatory initiatives to address crisis in financial industry, says think-tank

Policy-makers must avoid imposing unnecessary additional regulations on the insurance industry as part of their efforts to prevent a repeat of the financial crisis, the Geneva Association, the insurance think-tank, has argued.

In a report published this week, the association said that regulatory initiatives aimed at removing systemic risk needed to strengthen the insurance industry rather than weaken it.

It stressed that while policy-makers should continue with their efforts to create global