Evolving Insurance Risk and Regulation – Chapter 1: International developments dominate regulatory change

Evolving Insurance Risk and Regulation

International Association of Insurance Supervisors (IAIS) continue developing its work in relation to Internationally Active Insurance Groups (IAIGs) and Global Systemically Important Insurers (G-SIIs).

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Group-wide supervision and consistency of regulatory frameworks across geographical jurisdictions remain as significant themes driving regulatory reform. The Financial Stability Board (FSB) continues to influence the IAIS work program and it is clear that 2016 will be another pivotal year. 

The first chapter of Evolving Insurance Risk and Regulation, International developments dominate regulatory change, discuss the impact these key initiatives may have on insurers, especially in relation to  the International Core Principles (ICPs),  the global Insurance Capital Standard (ICS), and G-SII specific developments. This chapter also considers the latest update on the International Monetary Fund (IMF)’s Financial Sector Assessment Program (FSAP) reviews.

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