This IAIS Application Paper identifies good supervisory practices and examples to address challenges specific to the governance of insurance groups.
IAIS
9 November 2017
19 September 2017
Based on the IAIS Insurance Core Principles the Paper provides guidance on the supervision of Mutuals, Cooperatives and Community-based Organisations (MCCOs) to increase access to insurance markets.
This Application Paper documents ideas on approaches that IAIS members may wish to consider when developing or revising a regime for the supervision of intermediaries, including when implementing ICP 18 (Intermediaries) and the relevant aspects of ICP 19 (Conduct of business), and incorporating them into their broader supervisory frameworks.
The document sets out an updated Assessment Methodology (2016 Methodology) for global systemically important insurers (G-SIIs).
The document provides a framework that explains why certain product features and related activities may raise the potential for an insurer to pose systemic risk upon failure, and describes the rationale for the IAIS’ discontinuation of the Non-traditional Noninsurance (NTNI) product label.
This paper provides guidance to insurance supervisors on the application of aspects of regulation and supervision specifically relevant to captive insurers or reinsurers.
5 October 2015
The HLA requirements adopted by the IAIS and endorsed by the FSB, will apply to G-SIIs from January 2019. The regulatory capital requirements for Global Systemically Important Insurers (G-SIIs) are expected to be higher than if a group has not been designated as a G-SII. The HLA requirements build on the foundation of the Basic Capital Requirement (BCR), so apply to all group activities and reflect major categories of risk.
5 October 2015
IAIS publishes HLA requirement for G-SIIs.
23 October 2014
The BCR serves as a comparable basis for the application of proposed higher loss absorbency requirements.
22 October 2014
The purpose of this document is to provide further guidance to group-wide supervisors on how they could direct G-SIIs to develop their liquidity management.