Archives - IAIS - International Association of Insurance Supervisors

• 9 July 2020 Supervisory issues associated with benchmark transition: Report to the G20

  Report on the remaining challenges in transitioning from LIBOR, with recommendations to support transition.

  Content Type(s): Publications, Reports to the G20 Source(s): BCBS, FSB, IAIS Policy Area(s): LIBOR and other benchmarks

• 9 July 2020 FSB and Basel Committee set out supervisory recommendations for benchmark transition

  Report recommends actions to facilitate financial and non-financial firms’ transition from LIBOR by end-2021.

  Content Type(s): Press, Press Releases Source(s): BCBS, FSB, IAIS Policy Area(s): LIBOR and other benchmarks

• 26 May 2020 Financial policymakers discuss responses to COVID-19 with the private sector

  Official and private sector participants discuss effectiveness of COVID-related financial policy measures.

  Content Type(s): Press, Press Releases Source(s): BCBS, CPMI, FSB, IAIS, IOSCO Policy Area(s): COVID-19

• 14 November 2019 Insurance Core Principles, Standards, Guidance and Assessment Methodology

  The IAIS has issued the Insurance Core Principles (ICPs) as the globally accepted framework for insurance supervision. The ICPs seek to encourage the maintenance of consistently high supervisory standards in IAIS member jurisdictions. A sound supervisory system is necessary for the protection of policyholders and promoting the stability of the financial system and should address the broad set of risks within, and posed by, the insurance sector.

  Content Type(s): Compendium Source(s): IAIS Policy Area(s): Financial Regulation and Supervision Topic(s): Prudential Supervision and Oversight

• 8 November 2018 Application Paper on Supervision of Insurer Cybersecurity

  The Application Paper on Supervision of Insurer Cybersecurity provides further guidance to supervisors seeking to develop or enhance their approach to supervising the cyber risk, cybersecurity and cyber resilience in the insurance sector.

  Content Type(s): Compendium Source(s): IAIS Policy Area(s): Financial Regulation and Supervision

• 8 November 2018 Application Paper on the Composition and the Role of the Board

  The Application Paper on the Composition and the Role of the Board provides additional guidance on the practical interpretation and application of ICP 5 (Suitability of Persons) and ICP 7 (Corporate Governance), considering particular challenges for achieving effectiveness in supervision of the Board.

  Content Type(s): Compendium Source(s): IAIS Policy Area(s): Financial Regulation and Supervision

• 24 November 2017 Application Paper on Product Oversight in Inclusive Insurance

  The Application Paper on Product Oversight in Inclusive Insurance provides guidance to supervisors, regulators and policymakers when considering, designing and implementing regulations and supervisory practices on product oversight in inclusive insurance markets.

  Content Type(s): Compendium Source(s): IAIS Policy Area(s): Financial Regulation and Supervision

• 9 November 2017 Application paper on group corporate governance

  This IAIS Application Paper identifies good supervisory practices and examples to address challenges specific to the governance of insurance groups.

  Content Type(s): Compendium Source(s): IAIS Policy Area(s): Financial Regulation and Supervision Topic(s): Governance, Prudential Supervision and Oversight

• 19 September 2017 Application paper on regulation and supervision of mutuals, cooperatives and community-based organisations in increasing access to insurance markets

  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.

  Content Type(s): Compendium Source(s): IAIS Policy Area(s): Financial Regulation and Supervision Topic(s): Prudential Supervision and Oversight

• 15 November 2016 Application Paper on Approaches to Supervising the Conduct of Intermediaries

  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.

  Content Type(s): Compendium Source(s): IAIS Policy Area(s): Financial Regulation and Supervision