This consultation document seeks feedback on a set of proposed ancillary risk indicators 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.
The paper links to ICPs 7 and 8 with a focus on the potential implications if insurers lack a commitment to DEI and the actions supervisors can take in response, whether industry-wide or insurer-specific.
Public consultation feedback is invited by 14 June 2024 on an application paper on the significance of DEI to insurers’ corporate governance (ICP 7), risk management (ICP 8) and corporate culture.