The note examines how supervisors identify and allocate human and financial resources, the sufficiency of these resources in meeting current and future demands, and the strategies to allocate them efficiently.
Staff from the IAIS and BIS’s Financial Stability Institute (FSI) present the results of a survey on insurance supervisory resources, examining how supervisors identify and allocate human and financial resources, the sufficiency of these resources in meeting current and future demands, and the strategies to allocate them efficiently
The IAIS has published a comprehensive supervisory analysis and agreed on a path forward to respond to potential risks arising from the increasing allocation to alternative assets and adoption of cross-border asset-intensive reinsurance (AIR) by life insurers.
The IAIS and the World Bank Group developed an input paper for the G20 Sustainable Finance Working Group. The paper outlines practical and implementable actions that governments, supervisors, and the insurance industry can take to address the natural catastrophe insurance protection gap.
This explanatory note on the high-level principles (HLPs) for the ICS implementation assessment methodology aims to provide further context to the foundational elements that will guide the consistent implementation of the Insurance Capital Standard (ICS) across jurisdictions.
The high-level principles (HLPs) for the ICS implementation assessment methodology are a critical step in advancing the ICS from adoption to effective implementation. The HLPs and the associated explanatory text are meant to guide the development of the ICS implementation assessment methodology and may also be considered when finalising the ICS self assessment questionnaire.
This document contains examples and explanatory text aimed to facilitate the understanding and implementation of the Insurance Capital Standard (ICS). Its content originates from the 2024 ICS data collection technical specifications, and should be read in conjunction with the ICS Level 1 and Level 2 texts. To facilitate that joint reading, the numbering of sections and subsections of this document follows the same structure as the ICS Level 1 and Level 2 texts.
The IAIS has published its detailed assessment of regulation and supervision of the insurance sector in the Sultanate of Oman through its Member Assessment Programme (MAP).
The MAP Oman report is a detailed assessment of regulation and supervision of the insurance sector in the Sultanate of Oman. The report contains the details of the assessment of the observance levels of the ICPs as well as distinct recommendations to improve observance levels of ICPs. It also includes the authority’s response to the assessment as well as an institutional and market overview.
The paper provides practical guidance to supervisors who are intending to transition to a risk-based solvency (RBS) regime.
