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 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 report highlights the role of insurance in mitigating economic and societal impacts of NatCat events and assesses how widening protection gaps could increase financial stability risks.
This Global Insurance Market Report (GIMAR) special topic edition assesses the financial stability implications from natural catastrophe (NatCat) insurance protection gaps, drawing on six detailed case studies to illustrate the diverse impacts of NatCat events on the real economy, financial sector and society.