IAIS - Documents

  • 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 note
      are those of the authors and not necessarily the view of the IAIS or the A2ii. 
  • 1999 12 - IAIS - Principles for Conduct of Insurance Business
  • 2021 06 - IAIS - Liquidity Metrics Phase 1 - Resolution of Comments_(PUBLIC) - 106p
  • 2021 06 - IAIS - Application Paper on Supervision of Control Functions - 27p
  • 2021 0801 - IAIS - Insurer Culture - 32p
    • 2021 11 - IAIS - Resolution of public consultation comments on draft Issues Paper on Insurer Culture - 46p
  • 2021 0802 - IAIS -  Supervisory Colleges - p
  • 2006 10 - IAIS - Issues Paper on Asset-Liability Management - 20p
  • 2010 0604 - IAIS - Position Statement on Key Financial Stability Issues - 5p
  • 2011 10 - IAIS - Issues Paper On Policyholder Protection Schemes - 42p
  • 2011 11 - IAIS - Insurance and Financial Stability - 47p
  • 2012 - IAIS - G-SII Policy Measure
  • 2012 - IAIS - G-SII Assessment Methodology
  • 2012 - IAIS - Application paper on Regulation and Supervision supporting Inclusive Insurance Markets - 35p
  • 2013 0718 - IAIS - Global Systemically Important Insurers: Policy Measures - 32p
  • 2013 - IAIS - Global Systemically Important Insurers: Initial Assessment Methodology
  • 2013 - IAIS - Macroprudential Policy and Surveillance in Insurance
  • 2014 10 - IAIS - IAIS Application Paper on Approaches to Conduct of Business Supervision - 59p
  • 2014 0709 - IAIS - Compiled Comments on Basic Capital Requirements (BCR) for Global Systemically Important Insurers (G-SIIs), 9-Jul-14 to 8-Aug-14 - 219p
  • 2014 - IAIS - Risk-based Global Insurance Capital Standard, Public Consultation Document, omments due by 16 February 2015 - 159p
    • 2015 02 - EIOPA to IAIS - IAIS Public Consultation on Risk-Based Global Insurance Capital Standard - 7p
    • 2015  - IFoA - IFoA response to the IAIS consultation: Risk-based Global Insurance Capital Standards - 7p
  • 2015 0512 - GIAJ to IAIS - Suggestions on Insurance Capital Standard - 16p

Consultation: Issues Paper on Conduct of Business Risk and its Management 

  • 2015 0617 - IAIS - Issues Paper on Conduct of Business Risk and its Management - 45p
    • "Life Insurance" "mis-selling"
  • 2015 0815- IAIS - Compiled Comments - Issues Paper on COB Risk - public REV - 37p
  • 2015 11 - IAIS - Issues Paper on Conduct of Business Risk and its Management - 47p
  • 2015 11 - IAIS - Issues Paper on Conduct of Business in Inclusive Insurance - [Download - Link]
  • 2015 1125?? - IAIS - Compiled Comments on Non-Traditional Non-insurance Activities and Products (NTNI) - 153p
    • 5 - Does the list above assess a comprehensive set of benefit features? What, if any, benefit features are not assessed in this section that the IAIS should consider? Do the benefit features listed in this section help provide the IAIS with sufficient information to characterise products and activities as NTNI in a way that applies equally across jurisdictions?
      • AIA Group - Hong Kong
        • ...the list doesn't include products with non-guaranteed elements that do not have profit participation, such as universal life.
    • 15 - Are there other products and activities that should be added to the list, for example because they have similar features as those in Annex 1?
      • on behalf of the European GSIIs, Aegon, Allianz, Aviva, Axa and Prudential
        • Universal life is missing from the list, and perhaps some consideration should be given to product packaging, secondary benefits and riders.
      • American Council of Life Insurers
        • Insurers' exposure to liquidity risk resulting from policyholder runs is extremely low, and we respectfully observe that an insurer's liquidity risk, including that associated with savings and protection benefits, needs to be analysed through a loss-given-default lens.
      • American Academy of Actuaries
        • We are concerned that the proposed approach does not adequately take into account the strong mitigating role that protection benefits play in the reduction of market and liquidity risk that a product's savings component might otherwise generate.
        • The prospect of losing protection can substantially reduce consumer incentives to access the savings component of an insurance product, particularly when an array of other products are available from banks and similar institutions to serve the market's need for pure liquidity and savings products.
        • Tax liabilities triggered by surrender also can create a meaningful check on liquidity.
    • 13 - Recognising that they are not determinative, what other factors might influence insurers’ exposure to market or liquidity risk?
  • 2016 0720 - IAIS - NTNI Consultation Document IAIS Responses to Comments - 51p

  • 2016 0614- IAIS Consultation on Application Paper on Approaches to Supervising the Conduct of Intermediaries 

  • 2016 - IAIS - Systemic risk from insurance product features (previously referred to as Non-traditional Noninsurance activities and products)

  • 2016 - IAIS - Risk-based Global Insurance Capital Standard Version 1.0 - 175p
  • 2017 0717 - IAIS - Risk-based Global Insurance Capital Standard Version 1.0 for extended field testing - 124p
  • 2017 - IAIS - Compiled Comments on Consultation on ICP 19: Conduct of Business - 30-Jun-17 to 30-Aug-17 - 70p
    • ACLI recommends deleting the phrase “even if legal requirements in some jurisdictions are potentially lower than those used by the group.”
      • First, supervisors do not have authority to impose standards not embedded in law in their jurisdiction.
      • Second, we do not believe it appropriate or proportional that an international insurance group is disadvantaged by being required to meet a standard higher than a local insurance company, not least because it would create an unlevel playing field in markets.
  • 2019 - IAIS - GIMAR - Global Insurance Market Report - 64p
  • 2020 - IAIS - Application Paper on Liquidity Risk  Management

    • 2020 06 - IAIS -  Resolutions to Public Consultation comments on Application Paper on Liquidity Risk Management - 131p

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