Insurance Capital Standard

The International Association of Insurance Supervisors (IAIS) is asking for input on the issue of how to determine credit risk charges for collateralised reinsurance as part of the latest stage of its mission to create a Risk-based Global Insurance Capital Standard.

The International Association of Insurance Supervisors (IAIS) announced today that it has committed to developing the first risk based global insurance capital standard (ICS) by 2016. Implementation will begin in 2019 after two years of testing and refinement with supervisors and global insurance groups.