Guidance papers

Guidance papers are an adjunct to principles and standards, designed to assist supervisors and raise the effectiveness of supervision.
     
PDF Add to PDF Basket
File size: 88 kB
Modified: 7 March 2007
Description: This guidance paper is designed to encourage supervisors in emerging and transition economies to comply with the broad principles specified in the Insurance Supervisory Principles paper.
PDF Add to PDF Basket
File size: 110 kB
Modified: 7 March 2007
Description: This model MoU can be used by supervisors to improve the exchange of information. It has been prepared as a guide and the IAIS recommends that supervisors adopt it to facilitate cooperation.
PDF Add to PDF Basket
File size: 117 kB
Modified: 7 March 2007
Description: This paper has been replaced by the standard # 10: supervisory standard on fit and proper requirements and assessment for insurers.
PDF Add to PDF Basket
File size: 98 kB
Modified: 7 March 2007
Description: This paper provides guidance for public disclosure by insurers to enable market participants to understand an insurer's current financial condition and future viability. This information helps market participants assess an insurer's prospective ability over both the short and long term:
PDF Add to PDF Basket
File size: 223 kB
Modified: 7 March 2007
Description: The purpose of this guidance paper is to discuss why it is important to set a solvency control level, to identify key factors in setting a solvency control level, and to discuss possible supervisory actions when a solvency control level is breached. The form of the solvency control level varies between jurisdictions and may be based on capital levels or other financial measures related to the solvency regime of the jurisdiction (e.g., accounting practices and level of coverage of technical provisions by admissible assets). A survey of practices in IAIS Solvency Subcommittee member jurisdictions was conducted and the responses have informed the development of this guidance paper.
PDF Add to PDF Basket
File size: 221 kB
Modified: 7 March 2007
Description: This paper considers the use of an actuary as part of an insurance supervisory model. In some jurisdictions where use is made of an actuary in the supervisory model, this use is referred to as an 'appointed actuary' or a 'responsible actuary' system. While this system may have variations, it is essentially based upon the mandated use of an actuary by insurers, with that actuary having specified reporting or certification responsibilities to both the insurer and the supervisor.
PDF Add to PDF Basket
File size: 248 kB
Modified: 7 March 2007
Description: The IAIS adopted a paper in January 2002 entitled Principles on capital adequacy and solvency, which sets out principles that should underlie solvency regimes for the regulation and supervision of insurers, including principles regarding the level of solvency. This guidance paper on stress testing most directly addresses Principle 10:
- Capital adequacy and solvency regimes have to be supplemented by risk management systems.
PDF Add to PDF Basket
File size: 300 kB
Modified: 7 March 2007
Description: This paper provides guidance on effective investment risk management for insurers and reinsurers and highlights issues applicable to the management of market risk, credit risk, and liquidity risk. The paper also provides guidance for the supervisor when evaluating investment risk management policies and practices of insurers, including the main sets of data and documents the supervisor should consider when assessing and monitoring the investment risk management of insurers.
PDF Add to PDF Basket
File size: 96 kB
Modified: 7 March 2007
Description: This guidance assists supervisors in combating the misuse of insurers for illicit purposes by providing indicators of higher risk situations and elements of risk assessment on corporate governance, group structure, business relationships and transactions.
PDF Add to PDF Basket
File size: 253 kB
Modified: 7 March 2007
Description: This paper contains guidance regarding the supervision of finite reinsurance that is supported by a number of existing IAIS principles on insurance supervision. Recent developments in the area of finite reinsurance by various regulatory agencies have highlighted the concern that this form of reinsurance has been used improperly on occasion. The paper outlines the background on the development of finite reinsurance and the uses of this product by insurers. The paper then turns to the issues in finite reinsurance that supervisors should be aware of (including risk transfer and disclosure) and identifies the various supervisory approaches taken to address these issues. There are detailed examples and further discussion on these topics in the appendices.
PDF Add to PDF Basket
File size: 202 kB
Modified: 7 March 2007
PDF Add to PDF Basket
File size: 90 kB
Modified: 17 October 2008
PDF Add to PDF Basket
File size: 136 kB
Modified: 17 October 2008
PDF Add to PDF Basket
File size: 84 kB
Modified: 17 October 2008
PDF Add to PDF Basket
File size: 43 kB
Modified: 17 October 2008
PDF Add to PDF Basket
File size: 128 kB
Modified: 17 October 2008
PDF Add to PDF Basket
File size: 60 kB
Modified: 17 October 2008
PDF Add to PDF Basket
File size: 126 kB
Modified: 26 October 2009
PDF Add to PDF Basket
File size: 86 kB
Modified: 2 November 2009
PDF Add to PDF Basket
File size: 494 kB
Modified: 11 May 2010