Denis Beau: Old and new challenges for the insurance sector, its regulators and supervisors

Keynote address by Mr Denis Beau, First Deputy Governor of the Bank of France, at the Joint ICMIF/AMICE Regulatory Affairs conference, Paris, 4 December 2018.

The views expressed in this speech are those of the speaker and not the view of the BIS.

Central bank speech  | 
20 December 2018

Good morning to all of you, dear Presidents and members of ICMIF and AMICE,

I am very happy to be here with you today to exchange views on the stimulating and no less challenging developments that the insurance sector, and especially mutual insurers, as well as their regulators and supervisors, will have to face in the upcoming months and years.

After a few words on the economic and financial context and its related challenges for insurers, I will first focus on those brought by regulatory developments currently in the making, and will finish with the new risks that insurers, their regulators and supervisors will have to address, namely cyber-risks and climate change-related risks.