IAIS
Corporate Governance
Corporate Governance Under some permanent insurance, contracts being sold today, the chances are you could stop paying after 7, 8, or 9 years and the insurance would remain in force for the rest of your life without further premium payments. (p6069) — Robert Beck (Prudential CEO) 1985 0719 and 0722 – GOV (House) – Comprehensive…
Read MoreIAIS – Consultations
IAIS – Consultations iaisweb.org/consultations/ iaisweb.org/consultations/closed-consultations/ 2014 – IAIS – Approaches to Conduct of Business Supervision 2014 – IAIS – Basic Capital Requirements for Global Systemically Important Insurers 2014 – IAIS – Risk-based Global Insurance Capital Standard 2015 – IAIS – Risk-based Global Insurance Capital Standard American Academy of Actuaries 2016 – IAIS – Risk-based Global…
Read More2014 – IAIS – Approaches to Conduct of Business Supervision
2014 – IAIS – Approaches to Conduct of Business Supervision 2014 0807 NAIC – International Insurance Relations (G) Committee – Conference Call 2014 10 – IAIS – Application Paper on Approaches to Conduct of Business Supervision – 59p
Read MoreIAIS – Universal Life Insurance
IAIS – Universal Life Insurance The mismatch between the cash flows from assets and liabilities for traditional products like universal life or fixed annuities is due mostly to interest rate risk. (p18) 2018 – IAIS – [GIMAR] Global Insurance Market Report – 72p iaisweb.org/icp-online-tool/13526-icp-15-investments/ – 15.3.4 Nevertheless, close matching of assets and liabilities is often…
Read MoreABA – Activities Based Approach
Activities Based Approach FSOC, Woodall, MetLife, Congress 44. If the public becomes concerned about the viability of a particular business model or widely-held asset class, insurers could collectively be forced to liquidate assets in a stressed environment to meet the resulting withdrawals, termination of short-term funding arrangements or collateral/margin calls. 2017 1208 – IAIS -…
Read MoreAAA to IAIS
AAA to IAIS actuary.org/search/content?keys=iais 2015 0206 – AAA to IAIS – RE: Risk-based Global Insurance Capital Standard Public Consultation Document (Dec. 17, 2014), , American Academy of Actuaries – 20p 2015 0501 – AAA to IAIS – Committee Comments To IAIS On Conduct Of Business Risk Draft Paper, American Academy of Actuaries – 4p (p3)…
Read MoreIAIS – International Association of Insurance Supervisors – Documents
IAIS – Documents home.treasury.gov/system/files/311/2018_IAIS_Transparency_Report.pdf sullcrom.com/siteFiles/Publications/SC_Publication_IAIS_Global_Insurance_Capital_Standard.pdf federalregister.gov/documents/2020/10/09/2020-22384/federal-insurance-office-study-on-the-insurance-capital-standard acli.com/public-policy/capital-standards actuaries.org/iaa/IAA/Publications/Public_Statements/IAA/Publications/Formal_Public_Statements.aspx?hkey=a1039f56-c6f5-409a-9ab9-fb78c6d52a1d 2022 09 – IAIS – The role of insurance supervisors in multi-stakeholder approaches to address pandemic protection gaps – 24p This note is prepared jointly by staff members of the International Association of Insurance Supervisors (IAIS) and the Access to Insurance Initiative (A2ii). The views expressed in the…
Read MoreNTNI – Nontraditional and Non-insurance
NTNI – Nontraditional and Non-insurance Non-Traditional “Non-traditional Non-insurance Activities and Products” Non-traditional Non-insurance Activities and Products Public Consultation – Consultation: comments due by 25 January 2016 admin.iaisweb.org/index.cfm?event=showPage&nodeId=57972&edit=true#_ftnref1 IAIS 1. MetLife does not engage in non-traditional non-insurance activities that create any appreciable systemic risk. 2014 0730 – Letter – Benjamin Lawsky (New York Superintendent of Financial Services)…
Read MoreNAIC – IAIS
NAIC – IAIS International Insurance Relations (G) Committee – NAIC ComFrame Development and Analysis (G) Working Group – NAIC – (disbanded) 138. Some supervisors publish conduct-related information that can help to mitigate risks to consumers. Example from the United States: Consumer Information and Education The National Association of Insurance Commissioners (NAIC) provides a variety of…
Read MoreICP 19 – Conduct of Business (COB) – IAIS
ICP 19 – Conduct of Business (COB) – IAIS iaisweb.org///icp-19 iaisweb.org/activities-topics/conduct-and-culture/ 2022 06 – IAIS – Supervisors’ use of key indicators to assess insurer conduct – 22p ….in the United States, the term “market conduct” instead of “conduct of business” is more widely used. 2015 0501 – AAA to IAIS – Committee Comments To IAIS On…
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