The liquidity metrics will serve as a tool to facilitate the IAIS’ monitoring of the global insurance sector’s liquidity risk and for the IAIS to assess insurers’ liquidity exposure from a macroprudential perspective, which may be critical as insurers have been exposed to liquidity shortfalls in previous crises.
The IAIS is pleased to publish today the Association’s 2021 Financial Report, containing the financial statements of the IAIS for the 12 months from January to December, as well as reports from the Chairs of the Executive Committee, Budget Committee and Audit and Risk Committee.
Following approval by the IAIS Executive Committee at its meeting in Santiago, Chile on 9 November, today we have published an expression of the value we place in DEI, why we consider it essential to the IAIS being able to accomplish its mission effectively, and our plans to keep improving. Read the statement on our […]
The IAIS recognised yesterday its 2022 Distinguished Fellows. Awarded since 2004, Distinguished Fellows recognition honours former IAIS Member representatives for exemplary involvement in IAIS activities as well as outstanding service. The 2022 Distinguished Fellow recipients are: Thomas Schmitz-Lippert, Director-General, International Policy and Financial Stability, BaFIN and Eric Cioppa, formerly Maine Superintendent of Insurance. Both of […]
Update: Virtual attendance now possible – see registration link below. Details for joining virtually will be circulated to registered virtual attendees in advance of the meeting. The IAIS will host an in-person stakeholder meeting on Thursday 15 December 13:30 to 17:00 EST in Tampa, Florida, focusing on topics related to the ICS and the AM […]
Read the latest news from the IAIS. This month’s edition includes a special focus on the recently published draft Issues Paper on Insurance Sector Operational Resilience for public consultation and overviews of various forum events.
In response to stakeholder comments on the draft criteria that will be used to assess whether the Aggregation Method (AM) provides comparable outcomes to the Insurance Capital Standard (ICS), the IAIS has decided to provide additional opportunity for stakeholder engagement on the development of scenarios that will be used to inform the assessment. Further details […]
The IAIS has just launched the public consultation on the Issues Paper on Insurance Sector Operational Resilience. The paper identifies issues impacting operational resilience in the insurance sector, with a focus on cyber resilience, third-party outsourcing and business continuity management.
Read the latest news from the IAIS. This month’s edition shares highlights from the recently published note on the role of supervisors in multi-stakeholder approaches to address pandemic protection gaps and provides a recap on the strategic discussions that took place in Basel during the Executive Committee retreat.
As part of a broader set of lessons learnt from Covid-19, the International Association of Insurance Supervisors (IAIS) and Access to Insurance Initiative (A2ii) have jointly published a note examining the role insurance supervisors could play in the design, development and implementation of insurance-based programmes for pandemic risk. The note considers key characteristics of proposals […]
