2015 update of list of global systemically important insurers (G-SIIs)
The Financial Stability Board (FSB) updated the list of global systemically important insurers (G-SIIs), in consultation with the International Association of Insurance Supervisors (IAIS) and national authorities. The updated list, based on end-2014 data, includes a total of nine primary insurers. One new insurer, Aegon, has been added to the list and one insurer, Generali, has been removed from the list, as a result of changes in underlying activity. The G-SII list is updated annually based on a publicly available designation methodology which is currently being reviewed by the IAIS. A consultation paper on the reviewed methodology will be published later this month. The refined G-SII assessment methodology will be applied from the 2016 designation.