Public background session on Issues Paper on roles and functioning of Policyholder Protection Schemes
The IAIS hosted a virtual background session on Wednesday, 1 March 2023, focusing on the Issues Paper on roles and functioning of Policyholder Protection Schemes (PPSs).
The Issues Paper provides an updated overview of global practices regarding PPSs and their roles in insurance resolution and a variety of related activities. This Paper describes current practices for PPSs and is intended to serve as a guide for jurisdictions considering establishing a PPS or modifying an existing PPS.
This Paper was developed as a follow-up to the “Issues Paper on Policyholder Protection Schemes” that was published in October 2013. It builds on subsequent developments such as the adoption of the revised set of Insurance Core Principles (ICPs) and Common Framework for the Supervision of Internationally Active Insurance Groups (ComFrame) in November 2019.
Slides for the session can be downloaded from here.
The recording of the session can be found below.