IAIS – International Association of Insurance Supervisors

  • Activities-Based Approach (ABA)
  • Behavioral-Based Approach
  • Comframe
    • ComFrame Standards
    • ComFrame Guidance
  • Entity-Based Approach
  • Insurance Core Principles (ICPs)
    • first published in 2003
    • ICP Online Tool
    • 2014 – IAIS/Team USA – UNITED STATES SELF-ASSESSMENT OF OBSERVANCE WITH INSURANCE CORE PRINCIPLES 
  • Prudential 
  • Application Papers
  • Compiled Comments
  • Consultation Document
  • Global Insurance Market Report (GIMAR)
  • Issues Papers
  • IAIS – Regulation and Supervision Supporting Inclusive Insurance Markets
    • Application Paper
  • IAIS created a Task Force on Enhanced Disclosure
  • Insurance Regulation Committee
  • IAIS – Liquidity Risk Management
    • 2020 0629 – IAIS –  Application Paper – 25p

    • “material funding draws”

  • “Insurance and Financial Stability Report” – 2010, 2011

Q101. Are there examples of other instances for which an extension of management actions to allow for the recognition of premium adjustments may be appropriate? Please explain. (Section 6.5.3.1)

  • ACLI believes that rate actions such as COI increases should be allowed.
    • We understand that rate actions might precipitate other policyholder actions such as increased lapses and possibly reputational risk.
  • Such policyholder behavior sensitivity could be captured by reasonable dynamic lapse assumptions.

FINAL_ACLI response to the IAIS Insurance Capital Standard consultation (Version 1.0) – 16p

  • The insurance sector is susceptible to systemic risks generated in other parts of the financial sector.
  • For most classes of insurance, however, there is little evidence of insurance either generating or amplifying systemic risk, within the financial system itself or in the real economy.
  • This is because of the fundamentally different role of insurers in the economy as compared to banks.
  • It is important also to note the stabilisation role that the insurance sector typically plays in the economy that may help to limit systemic risk. (p3)

2010 0604 – IAIS – Position Statement on Key Financial Stability Issues – 5p

The Geneva Association – Insurance Industry Reaction to International Association of Insurance Supervisors (IAIS) Position Statement on Key Financial Stability Issues – 3p

  • 10 IAA Insurance Regulation Committee Commentary on IAIS Draft Guidance Paper on Public Disclosure, July 2001
  • 11 IAIS Draft Guidance Paper on Public Disclosure by Insurers, April 2001 (p33)

2002 02 – IAA – Report of Solvency Working GroupPrepared for IAA Insurance Regulation Committee – 99p

  • ABA – Activities-Based Approach to Systemic Risk
    • 2017 1208 – Activities-Based Approach to Systemic Risk – Public Consultation Document – Comments due by 15 February 2018