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Global risks and cross-cutting challenges — economic, technological, environmental, societal, geopolitical — are intensifying, creating an increasingly complex environment for those in business, government and other sectors around the world.
Although 144A property and casualty (P&C) catastrophe bond primary issuance levels were charted as uncharacteristically low in the fourth quarter, totals at year-end were only slightly lower than the all-time high levels seen in 2014, with 2015 issuance totaling USD 5.917 billion, and outstanding risk capital totaling USD 22.640 billion, as of December 31, 2015.
This report provides an assessment of the development of solvency and other regulatory initiatives, including changes to capital requirements that are impacting (re)insurers.