Fwd: INARM Message - Low Interest Rates & Impact on Insurance, Pensions.

[Dave Ingram]

Begin forwarded message:

From: "Jetha, Shiraz (OIC)" <Shi...@OIC.WA.GOV>

Date: June 7, 2013 2:38:28 PM EDT

To: in...@list.soa.org

Subject: INARM Message - Low Interest Rates & Impact on Insurance, Pensions.

FYI. Should the profession be talking about this issue in public forum(s)?

 

 

Shiraz Jetha FSA, CERA, MAAA

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[Dave Ingram]

Begin forwarded message:

From: Frank Reynolds <fgre...@uwaterloo.ca>

Date: June 7, 2013 3:39:35 PM EDT

To: "'Jetha, Shiraz (OIC)'" <Shi...@OIC.WA.GOV>, in...@list.soa.org

Subject: RE: INARM Message - Low Interest Rates & Impact on Insurance, Pensions.

I would say yes in a qualified manner. One potential problem is triggering a run on the bank

The big problems in the us stem from the US tax Code which assumes interest rates will never fall below about 4.5% and the CSV statutes in the states. Should shareholders be suing these governments for their  poor judgement and continuing infliction of injury?

 

From: Jetha, Shiraz (OIC) [mailto:Shi...@OIC.WA.GOV] 
Sent: June-07-13 2:38 PM
To: in...@list.soa.org
Subject: INARM Message - Low Interest Rates & Impact on Insurance, Pensions.

 

FYI. Should the profession be talking about this issue in public forum(s)?

 

 

Shiraz Jetha FSA, CERA, MAAA

If you no longer wish to received communications from this group, you can be removed by unsubscribing here.

[Dave Ingram]

Begin forwarded message:

From: Evmeier...@aol.com

Date: June 11, 2013 3:21:58 PM EDT

To: Shi...@OIC.WA.GOV, in...@list.soa.org

Subject: Re: INARM Message - Low Interest Rates & Impact on Insurance, Pensions.

The impact of a long-lasting low interest rate environment in Europe is no secret to the press and to the clients. The profession gains in credibility by publicly discussing the issue and possible solutions in particular with regard to long-lasting interest rate guarantees. And in the wake of Solvency II the industry itself has an interest to be public about the viability of solutions against the background of the future form of risk capital calculations. Should the profession publicly discussing potential supervisory actions?Over here there does not seem to be a choice: EIOPA just ran the Long Term Guarantee Assessment exercise, finished a first impact study in the IORP sector (pensions) and is currently conducting a public consultation on involving the national supervisory authorities in phasing- in certain parts of Solvency II as from 2014 on (public consultation ending June 19th). Results and ramifications are a public issue.

 

Evelyn Meierholzner Aktuar (DAV),FRM,MBA

 

In a message dated 07.06.2013 21:30:24 Mitteleuropäische Sommerzeit, Shi...@OIC.WA.GOV writes:

FYI. Should the profession be talking about this issue in public forum(s)?

 

 

Shiraz Jetha FSA, CERA, MAAA

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