Principles

The IAIS sets out principles that are fundamental to effective insurance supervision. Principles identify areas in which the insurance supervisor should have authority or control and that form the basis on which standards are developed.
     
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Modified: 7 March 2007
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Modified: 7 March 2007
Description: First approved in September 1997, these principles were amended in December 1999 to extend to insurance business that is conducted on a services basis without any foreign establishment. These principles aim to improve the supervision of internationally active insurance companies, stating that all insurance establishments should be subject to effective supervision, that authorisation involving cross-border activities should be subject to consultation between the relevant supervisors, and that provision should be made for external audits and for information sharing with other supervisors.
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Modified: 7 March 2007
Description: Has the objective of improving insurer, intermediary and consumer relationships, thereby strengthening consumer confidence in the industry.
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Modified: 7 March 2007
Description: This paper was originally issued in 2000 and was revised in 2004 to expand the scope to include insurance intermediaries and to add comments regarding key risks and risk management of insurance activities on the internet.
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Modified: 7 March 2007
Description: Intended as an essential building block in the development of more detailed standards relating to capital adequacy and solvency, this paper elaborates 14 principles for evaluating the solvency of life and non-life insurance undertakings. It is also relevant to reinsurers, depending on the degree of regulation of the reinsurance industry in their jurisdictions.
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Modified: 7 March 2007
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Modified: 17 October 2008