‘Prescriptive’ ComFrame criticised by American insurance industry

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The international project to develop a framework for supervising international insurance groups is in danger of exceeding its original purpose and loading a new and unwelcome layer of standards and regulations onto insurers, the American Insurance Association (AIA) warns.

The International Association of Insurance Supervisors (IAIS), which is developing the so-called ComFrame initiative, insists that the project's goal is to construct "a framework for supervisors to efficiently and effectively c