Holistic Framework
In November 2025, the Financial Stability Board (FSB) reaffirmed its decision to use the International IAIS Holistic Framework assessments instead of an annual identification of global systemically important insurers (G-SIIs), as it provides a more effective basis for assessing and mitigating systemic risk in the insurance sector than G-SII identification.
Going forward the FSB will continue to utilise assessments available through the Holistic Framework to inform its considerations of systemic risk in the insurance sector. The FSB will continue to receive from the IAIS an annual update on the outcomes of its GME, including potential concentration of systemic risks at an individual insurer and sector-wide level and the supervisory response to identified risks.
“Six years following its adoption, the IAIS Holistic Framework’s strong implementation across risk assessment, supervisory policy measures, and robust implementation assessment has reconfirmed its effectiveness for assessing and mitigating systemic risk in the global insurance sector,” said Toshiyuki Miyoshi, IAIS Executive Committee Chair. “The IAIS is committed to continue refining its global risk assessment and ensuring robust implementation of supervisory measures.”
IAIS press release, November 2025
Upcoming and recent events
- On 14 January 2026, during 14:00 – 15:00 CET, a public background session webinar will be held to present the draft revised Application Papers on recovery and resolution and answer questions from stakeholders. Click here for more details and registration.
- 11 July 2024, IAIS Global Seminar 2024 Panel: Insurers’ asset management in a changing interest rate environment
Related Documents
- December 2024 – IAIS ICPs and ComFrame
Key elements of the Holistic Framework
The Holistic Framework is underpinned by three key elements, namely, the Global Monitoring Exercise (GME), an integrated set of enhanced macroprudential supervisory policy measures, and robust implementation assessment.
