The notion of being too big to fail has been inextricably linked to banks in the global financial markets since the collapse of Lehman Brothers in 2008. However, recently, the insurance industry has been central in the designation of systemic risk. In July, the Financial Stability Board, a Switzerland-based body set up by the G20 nations in 2009, published a list of nine global systemically important insurers.
What will the extra scrutiny that comes with being a global systemically important insurer mean for the nine firms given the designation? Download this article to find out.