5 Dec 2024 in Latest news, Public statements

IAIS welcomes the release of the FSB’s first list of insurers subject to resolution planning standards consistent with the FSB Key Attributes

The list provides transparency to markets, policyholders and the larger public that the reported insurers and relevant authorities are working to be prepared for the insurers’ entry into resolution if it ever becomes necessary. The IAIS welcomes this publication and coordinates closely with the FSB with respect to resolvability, to support the globally consistent application of the resolution standards.

5 Dec 2024 in Latest news, Press releases

IAIS adopts Insurance Capital Standard and other enhancements to its global standards to promote a resilient insurance sector

At its AGM today, the IAIS adopted the first comprehensive global capital standard for insurance supervision, the ICS, and also adopted important updates to existing qualitative global standards for insurance supervision, the ICPs and ComFrame, related to climate risk, recovery and resolution, and valuation and capital adequacy.

14 Dec 2023 in Consultations, Latest news

IAIS publishes Issues Paper on roles and functioning of policyholder protection schemes (PPSs)

Following consultation between February and April 2023, the IAIS has now published its Issues Paper on roles and functioning of policyholder protection schemes (PPSs). The paper provides an updated overview of global practices regarding PPSs and their roles in insurance resolution and a variety of related activities. It also describes current practices for PPSs and […]

13 Feb 2023 in Consultations, Issues Papers, Latest news, Stakeholder events, Supervisory and supporting material

Public Consultation on Issues Paper on roles and functioning of policyholder protection schemes (PPSs)

The IAIS has published for consultation its Issues Paper on roles and functioning of Policyholder Protection Schemes (PPSs). The 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. Comments are due by 14 April 2023.

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