Publication Date: 9th September 2016
The International Association of Insurance Supervisors (IAIS) is currently developing its global Insurance Capital Standard (ICS) as part of its Common Framework for the Supervision of Internationally Active Insurers (ComFrame). The ICS is global and targets all Internationally Active Insurance Groups (IAIGs) at the group level.
The Geneva Association (GA) has undertaken a study to support future discussions and consultations on the ICS. This issue brief is a synopsis of the full survey report, Modernising Insurance Solvency Regimes. The report examines essential features of solvency regimes in a number of jurisdictions, including emerging markets that have recently or are currently developing their insurance solvency regulation. It is based on responses to a structured questionnaire from 11 insurance groups and 8 supervisory authorities. The markets covered are Australia, Brazil, Canada, China, the European Union, Japan, Mexico, Singapore, South Africa, Switzerland and the United States.
Read the full White Paper: Modernising Insurance Solvency Regimes