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31 Mar 2025
FSI Insights note: “Mind the climate-related protection gap – reinsurance pricing and underwriting considerations”
This note drafted by staff from the IAIS, BIS Financial Stability Institute (FSI) and the Swiss Financial Market Supervisory Authority (FINMA) examines how reinsurers’ pricing and underwriting practices may affect affordability and availability of coverage for NatCat events.
31 Mar 2025
FSI Insights note published on climate-related protection gaps from a reinsurance perspective
An FSI Insights note has been published today entitled “Mind the climate-related protection gap – reinsurance pricing and underwriting considerations”. The note was drafted by staff from the IAIS, BIS Financial Stability Institute (FSI) and the Swiss Financial Market Supervisory Authority (FINMA).
5 Dec 2024
IAIS adopts Insurance Capital Standard and other enhancements to its global standards to promote a resilient insurance sector
At its AGM today, the IAIS adopted the first comprehensive global capital standard for insurance supervision, the ICS, and also adopted important updates to existing qualitative global standards for insurance supervision, the ICPs and ComFrame, related to climate risk, recovery and resolution, and valuation and capital adequacy.