What must not fail: critical functions, continuity and resilience

▤ Summary

This article explains how insurance supervision is shifting from a narrow solvency focus to a broader view of continuity and resilience. It argues that insurers now need to preserve critical functions such as claims handling, payment processing, and health coverage under stressed conditions. The piece connects this shift to European regulatory work, including the future IRRD framework and the identification of critical insurer functions. It also highlights the operational implications for insurers, including better dependency mapping, stronger business continuity planning, and more demanding stress testing.

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