Rephonic
Artwork for The Standard Formula
Solvency II
Malaysia
IFRS 17
Brazil
India
Mexico
Australia
New Zealand
Hong Kong
Singapore
Taiwan
South Africa
Korea
RBC2
Vietnam
Risk-Based Capital (RBC)
China Risk-Oriented Solvency System
NFRA
Gift City (gujarat, India)
Solvency UK

From Skadden, The Standard Formula is a Solvency Two podcast for UK and European insurance professionals. Join us as Skadden Partner Robert Chaplin leads conversations with industry practitioners and explores Solvency Two developments that matter to you. If you’re enjoying The Standard Formula, be sure to subscribe in your favorite podcast app so you don’t miss any future episodes. Additional info... more

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Artwork for The Standard Formula

Latest Episodes

In this episode of “The Standard Formula” global prudential solvency series, host Robert Chaplin is joined by colleagues Connor Williamson and Dev Jain to examine the prudential solvency regimes of Taiwan and Vietnam. Together, they explore Taiwan's ... more

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In the latest episode of Skadden's global series on prudential solvency, host Robert Chaplin is joined by Skadden colleagues Stan Amoah and James Pickstock to examine the regulatory frameworks governing two of Asia Pacific's most prominent insurance ... more

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Malaysia's insurance market is one of Southeast Asia's most developed, with total gross written premiums for general insurance totaling 23.1 billion Malaysian ringgit — approximately $5.8 billion — in 2024, representing year-on-year growth of 6.9%. I... more

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Colombia's total gross written premium (GWP) is projected to reach $8.9 billion this year and grow to over $11.5 billion by 2028, signifying its rise as a significant and expanding insurance market. In this special additional episode of “The Standard... more

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Recent Guests

James Pickstock
Regulatory practitioner providing Hong Kong insights
Timofey Lowe LLP
Episode: Hong Kong and Singapore: Analyzing Two of Asia Pacific’s Major Insurance Markets
Stan Amoah
Regulatory practitioner, Hong Kong and regional risk-based capital expert
Timofey Lowe LLP
Episode: Hong Kong and Singapore: Analyzing Two of Asia Pacific’s Major Insurance Markets
Baroth Erath-Reith
Input and review contributor for Chile section
Baroth Erath-Reith
Episode: Prudential Solvency in Latin America: Inside the Region’s Largest Insurance Markets

Host

Robert Chaplin
Host of The Standard Formula

Reviews

4.7 out of 5 stars from 12 ratings
  • Automated text readers would work better

    I was drawn to this show by an appearance by Robert Chaplin on the Insurance Uncut podcast by LCP where he said some interesting things. I’ve listened to several of these podcasts now and don’t quite see the point. They involve robotic exchanges of poorly read texts. If the producers wanted to demonstrate that they barely know how to read, much less show familiarity with or provide advice on Solvency II legislation or rules, this podcast might be the perfect vehicle to do so.

    Apple Podcasts
    1
    Gerryfarm
    United Kingdom2 years ago

Listeners Say

Key themes from listener reviews, highlighting what works and what could be improved about the show.

Listener questions are sometimes hard to follow; content is dense but valuable for practitioners.
Pacing and delivery could improve, but topics and guests are generally strong for industry insight.
Automated text readers would work better.

Chart Rankings

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Talking Points

Recent interactions between the hosts and their guests.

Analysing India’s Fast-Growing Insurance Market
Q: What are the current capital requirements for insurers and reinsurers setting up in India, including within the Gift City?
In the Gift City, insurers require 1 billion rupees of equity, reinsurers 2 billion, and foreign branches have assigned capital of about 1.5 million US dollars, with solvency margins tied to home-country requirements and ongoing FATF compliance.
Analysing India’s Fast-Growing Insurance Market
Q: Can you explain the role of the Gift City and the IIO framework for insurers and reinsurers?
Gift City offers an offshore regime where IIOs can operate, regulated by IFSCA, with specific capital and fit-and-proper criteria; foreign branches may use home-country equities and must satisfy local solvency and FATF standards to access India's market while benefiting from tax and regulatory exemptions within the city.
Insurance Down Under: Analyzing Prudential Solvency Regimes in Australia and New Zealand
Q: What are the requirements for foreign insurers wishing to operate in Australia and New Zealand?
Foreign insurers must either establish a local subsidiary or operate via a branch, obtain APRA authorization and an Australian Financial Services Licence, meet minimum capital requirements, maintain robust governance, and have consent from their home regulator, with additional rules for branch supervision and reinsurance arrangements.
Insurance Down Under: Analyzing Prudential Solvency Regimes in Australia and New Zealand
Q: Can you tell us about New Zealand's regulatory framework?
New Zealand has a unique regime where the RBNZ acts as the prudential regulator for insurers, supported by the FMA for market conduct; the framework combines IPSA and the FMCA, with recent climate-disclosure requirements and a forthcoming Contracts of Insurance Act 2024 to strengthen policyholder protections.

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Frequently Asked Questions About The Standard Formula

What is The Standard Formula about and what kind of topics does it cover?

The show centers on international solvency regimes and regulatory developments affecting insurers, with a strong emphasis on practical implications for cross-border operations, capital standards, governance, and reporting. Episodes compare jurisdictions from Asia-Pacific to the Americas and Africa, explain pillars of risk-based frameworks, and explore how local authorities implement, align with, or diverge from Solvency II standards. Notable strengths include high-profile host-led discussions with practitioners from a leading law firm, in-depth regulatory context, and connections to broader industry themes such as IFRS 17 adoption, internal models, and asset class movements. The format tends to blend technical regulatory analysis with actio... more

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2. Odd Lots
3. The Rest Is Politics
4. Economist Podcasts
5. The Rest Is History

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The Standard Formula launched 4 years ago and published 41 episodes to date. You can find more information about this podcast including rankings, audience demographics and engagement in our podcast database.

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Recent guests on The Standard Formula include:

1. James Pickstock
2. Stan Amoah
3. Baroth Erath-Reith

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