Release of IAIS proposed holistic framework for the assessment and mitigation of systemic risk in the insurance sector and implications for the identification of G-SIIs and for G-SII policy measures

This communication updates on the FSB’s decision, in consultation with the International Association of Insurance Supervisors (IAIS) and national authorities, not to engage in an identification of G-SIIs in 2018. This decision was taken in light of the progress by the IAIS in developing a holistic framework for the assessment and mitigation of systemic risk in the insurance sector.