The IAIS has launched a public consultation on the candidate Insurance Capital Standard (ICS) as a prescribed capital requirement (PCR) and on two draft revised Insurance Core Principles (ICPs): ICP 14 (Valuation) and 17 (Capital Adequacy). Comments are invited by 21 September 2023.
This special topic edition, based on data collected through its 2022 Global Monitoring Exercise (GME), focuses on the global cyber insurance market, the cyber resilience of the insurance sector and potential implications for financial stability.
The targeted jurisdictional assessment (TJA) shows an overall consistent and strong implementation of the Holistic Framework standards.
The IAIS has agreed on the criteria that will be used to assess whether the AM provides comparable outcomes to the ICS, following public consultation and the resolution of comments published today.
We are pleased to announce that the Arkansas Insurance Department (AID) has become a member of the IAIS Multilateral Memorandum of Understanding (MMoU) – an international supervisory cooperation and information exchange agreement.
The IAIS today published its 2023-2024 Roadmap. The Roadmap outlines the projects and activities that form the IAIS’ work programme over the next two years, guided by the IAIS’ Strategic Plan 2020-2024.
The IAIS has published its 2022 GIMAR, presenting outcomes of the Global Monitoring Exercise (GME), the IAIS’ framework for monitoring risks and trends in the global insurance sector and assessing the possible build-up of systemic risk.
Today, the IAIS issued two publications showcasing work on digital innovation: An IAIS Report on FinTech developments in the insurance sector and a Joint Note with the A2ii and the FSI on the role of supervisory technology (SupTech) in insurance supervision
Following a review after three years of implementation, the FSB, in consultation with the IAIS, has decided that the Holistic Framework provides a more effective basis for assessing and mitigating systemic risk in the insurance sector than G-SII identification.
