Public consultation on ancillary risk indicators in the Global Monitoring Exercise
The consultation closed on 03 February 2025.
Background information
The development of ancillary risk indicators aims to further aid the IAIS assessment of potential systemic risk in the global insurance sector within the individual insurers monitoring component of the Global Monitoring Exercise, one of the key elements of the Holistic Framework for the assessment and mitigation of systemic risk in the insurance sector. These ancillary indicators do not impact the total quantitative scores of individual insurers but provide additional context that can inform the overall assessment of systemic risk.
This consultation document seeks feedback on a set of proposed ancillary indicators concerning credit risk, derivatives, reinsurance, mark-to-model assets, and revisions to the liquidity metrics.
Input received through this consultation will be considered in the context of the upcoming regular review of the GME assessment methodology, planned to take place in 2025. The outcome of the review, including the decision on the inclusion of new ancillary indicators, will be reflected in the updated GME documentation that will be published in 2025.
A public background session webinar was held on 11 December 2024 13:00–14:30 CET to present the public consultation document on ancillary risk indicators in the Global Monitoring Exercise and answer any questions from stakeholders. Click here for details.