IAIS publishes updated Global Monitoring Exercise (GME) document
The IAIS today published the updated Global Monitoring Exercise (GME) document, which outlines the objectives and process of the GME. The revisions include an updated methodology for calculating the systemic footprint of individual insurers. These updates are the outcome of the 2023-2025 three-year review cycle and were subject to public consultation from June to August 2025.
In summary, key changes made include:
- Updating of the insurer pool selection criteria;
- Amending the definition of the Level 3 assets indicator;
- Simplifying the calculation of the intra-financial assets and intra-financial liabilities indicators, including related updates to the short-term funding indicator and Insurance Liquidity Ratio (ILR);
- Amending the minimum guarantees on variable products (MGVP) indicator;
- Updating the denominators of the absolute assessment approach to year-end 2024 values, based on the revised definitions of the indicators; and
- Removing the rescaling factor between the liability liquidity and short-term funding indicators.
The detailed resolution of comments received is also published.
To read the final document and the resolution of comments, visit the consultation page.