Public Consultation on Issues Paper on roles and functioning of policyholder protection schemes (PPSs)

The IAIS has published for consultation its Issues Paper on roles and functioning of Policyholder Protection Schemes (PPSs). The Paper describes current practices for PPSs and is intended to serve as a guide for jurisdictions considering establishing a PPS or modifying an existing PPS. Comments are due by 14 April 2023.

18 Jan 2023

18 Jan 2023 in closed consultations, Consultations, Issues Papers, Supervisory and supporting material

Public Consultation on Issues Paper on Insurance Sector Operational Resilience

The IAIS has just launched the public consultation on the Issues Paper on Insurance Sector Operational Resilience. The paper identifies issues impacting operational resilience in the insurance sector, with a focus on cyber resilience, third-party outsourcing and business continuity management.

9 Dec 2022

9 Dec 2022 in Consultations, Data collection

Public Consultation on the review of the Individual Insurer Monitoring (IIM) Assessment Methodology

9 Dec 2022

9 Dec 2022 in closed consultations, Consultations

Public consultation of the review of the IIM assessment methodology

Background information The IAIS continues to enhance the Holistic Framework for systemic risk in insurance, including through its triannual review of the risk assessment in the Global Monitoring Exercise. In support of this effort, the IAIS conducted a public consultation seeking input on the individual insurer monitoring (IIM) assessment methodology used to calculate individual insurers’ […]

18 Nov 2022

18 Nov 2022 in Consultations, Latest news

IAIS finalises liquidity metrics as an ancillary indicator for its Global Monitoring Exercise

The liquidity metrics will serve as a tool to facilitate the IAIS’ monitoring of the global insurance sector’s liquidity risk and for the IAIS to assess insurers’ liquidity exposure from a macroprudential perspective, which may be critical as insurers have been exposed to liquidity shortfalls in previous crises.

18 Nov 2022

18 Nov 2022 in Consultations

Resolution of comments for the Public Consultation on Liquidity Metrics – Phase 2

This document provides resolutions for the comments received during the public consultation on Phase 2 of the Liquidity Metrics project that the IAIS conducted between 18 November 2021 and 24 January 2022

18 Nov 2022

18 Nov 2022 in Consultations

Level 2 Document – Liquidity metrics as an ancillary indicator

The Liquidity Metrics serve as an ancillary indicator for the Individual Insurer Monitoring, which is one component of the Global Monitoring Exercise, to facilitate the IAIS’ monitoring of the global insurance sector liquidity risk.

19 Oct 2022

19 Oct 2022 in Consultations, Latest news

IAIS to provide additional opportunity for stakeholder engagement for scenario development related to the Aggregation Method comparability assessment

In response to stakeholder comments on the draft criteria that will be used to assess whether the Aggregation Method (AM) provides comparable outcomes to the Insurance Capital Standard (ICS), the IAIS has decided to provide additional opportunity for stakeholder engagement on the development of scenarios that will be used to inform the assessment. Further details […]

19 Oct 2022

19 Oct 2022 in Consultations

Project Update for the Aggregation Method Comparability Assessment

13 Oct 2022

13 Oct 2022 in closed consultations, Consultations, Issues Papers, Latest news, Supervisory and supporting material

Public Consultation on Issues Paper on Insurance Sector Operational Resilience