The IAIS’ Holistic Framework is designed to assess and mitigate systemic risk in the global insurance sector. Nearly three years since the Framework was launched and in advance of a review by the Financial Stability Board on the future of the identification of Global Systemically Important Insurers, the IAIS has held a virtual public roundtable […]
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.
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 […]
The IAIS has just launched the public consultation on the Development of Liquidity Metrics – Phase 2, as a part of its process of developing an ancillary indicator for the GME that will serve as a tool to facilitate the IAIS’ monitoring of the global insurance industry’s liquidity risk and for the IAIS to assess […]
The paper provides further guidance on the supervisory material related to macroprudential supervision in Insurance Core Principle (ICP) 24, which was revised as part of the Holistic Framework.
