The GIMAR mid-year update 2023 provides interim results of the 2023 Global Monitoring Exercise and a preview of the themes in scope for collective discussion by insurance supervisors.
We are pleased to announce that the Insurance Commission of The Bahamas has become a member of the IAIS Multilateral Memorandum of Understanding (MMoU) – an international supervisory cooperation and information exchange agreement.
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.
