The International Association of Insurance Supervisors (IAIS) has issued its first report from the process of thematic self-assessments and peer reviews focused on Supervisory Cooperation and Information Exchange. The report summarises the results of a pilot project conducted in 2011, examining Members’ observance of the related IAIS Insurance Core Principles (ICP). A wide [...]
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Posted on March 7th, 2012
Posted on November 23rd, 2011
The International Association of Insurance Supervisors (IAIS) has released a paper entitled “Insurance and Financial Stability” providing the perspective of insurance supervisors on the role of the insurance industry and its interaction with the financial system and other financial market institutions. The recent financial crisis has shown that the traditional insurance business [...] Posted on October 10th, 2011
The role that the IAIS plays in promoting financial stability is an important one, and one that is constantly evolving in response to developments in the economy and financial markets, writes the International Association of Insurance Supervisors (IAIS) in its latest Annual Report. The IAIS approved its 2010/11 Annual Report for release at [...] Posted on October 9th, 2011
At its Annual General Meeting in Seoul, the International Association of Insurance Supervisors (IAIS) announced the adoption of revisions to the IAIS Insurance Core Principles, Standards, Guidance and Assessment Methodology (ICP). The ICPs constitute the globally-accepted framework used in the evaluation of supervisory regimes under the Financial Sector Assessment Program (FSAP) conducted jointly [...] Posted on July 17th, 2011
As a supervisory response to the increasing globalisation in the insurance sector, combined with the key lessons learnt from the financial crisis, the IAIS is building the Common Framework for the Supervision of Internationally Active Insurance Groups (ComFrame). This will foster cooperation among supervisors and close regulatory gaps. The International Association of Insurance [...] 2 pages
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