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9 Dec 2022
FSB endorses the IAIS Holistic Framework and discontinues identification of Global Systemically Important Insurers (G-SIIs)
Following a review after three years of implementation, the FSB, in consultation with the IAIS, has decided that the Holistic Framework provides a more effective basis for assessing and mitigating systemic risk in the insurance sector than G-SII identification.
9 Dec 2022
Public consultation of the review of the IIM assessment methodology
Background information The IAIS continues to enhance the Holistic Framework for systemic risk in insurance, including through its triannual review of the risk assessment in the Global Monitoring Exercise. In support of this effort, the IAIS conducted a public consultation seeking input on the individual insurer monitoring (IIM) assessment methodology used to calculate individual insurers’ […]
18 Nov 2022
IAIS finalises liquidity metrics as an ancillary indicator for its Global Monitoring Exercise
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.
18 Nov 2022
Resolution of comments for the Public Consultation on Liquidity Metrics – Phase 2
This document provides resolutions for the comments received during the public consultation on Phase 2 of the Liquidity Metrics project that the IAIS conducted between 18 November 2021 and 24 January 2022
18 Nov 2022
Level 2 Document – Liquidity metrics as an ancillary indicator
The Liquidity Metrics serve as an ancillary indicator for the Individual Insurer Monitoring, which is one component of the Global Monitoring Exercise, to facilitate the IAIS’ monitoring of the global insurance sector liquidity risk.
30 Nov 2021
IAIS Global Monitoring Exercise (GME) highlights key financial stability priorities for insurance supervisors
Today the IAIS published its 2021 Global Market Insurance Report (GIMAR). The report covers the latest findings from the IAIS’ targeted assessment of the impact of Covid-19 on the global insurance sector, the outcome of the first full Global Monitoring Exercise (GME) of potential systemic risks and key highlights of the global reinsurance market analysis.
30 Nov 2021
IAIS Global Monitoring Exercise (GME) highlights key financial stability priorities for insurance supervisors
The 2021 Global Insurance Market Report (GIMAR) presents outcomes of the Global Monitoring Exercise (GME), the IAIS’ framework for monitoring risks and trends in the global insurance sector and assessing the possible build-up of systemic risk. Insurers’ solvency ratios continued to improve over 2020; however, vulnerabilities remain. Key risks and trends facing the global insurance […]
18 Nov 2021
Public Consultation on the Development of Liquidity Metrics: Phase 2
Background information: The IAIS adopted in November 2019 the Holistic Framework for the assessment and mitigation of systemic risk in the global insurance sector (Holistic Framework) in order to support its mission of effective and globally consistent supervision of the insurance industry to protect policyholders and to contribute to global financial stability. The key elements […]