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.
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).
The IAIS published for consultation its draft Issues Paper on structural shifts in the life insurance sector. Feedback is sought by 19 May 2025.
The IAIS today published its 2024 Global Insurance Market Report (GIMAR), sharing the outcomes of this year’s Global Monitoring Exercise (GME), the IAIS’ risk assessment framework to monitor key risks and trends and detect the potential build-up of systemic risk in the global insurance sector
The Global Insurance Market Report (GIMAR) 2024 presents 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. In addition to an aggregate overview of insurers’ solvency, profitability and liquidity, the report shares in-depth analyses conducted on two key themes: (1) key risks in the current macroeconomic environment; and (2) structural shifts in the life insurance sector, including greater allocation of capital to alternative assets and increased use on cross-border asset-intensive reinsurance.
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, one of the key elements of the Holistic Framework for the assessment and mitigation of systemic risk in the insurance sector.
