Policy-makers consider extending capital backstop to global insurers


Regulators are weighing up imposing a capital backstop on international insurers other than the nine designated systemically important (G-Siis).

The International Association of Insurance Supervisors (IAIS) will decide as early as 2014 whether to extend coverage of the so-called basic capital requirement (BCR), it revealed in a consultation paper published this week.

The BCR is intended to provide a foundation for higher loss absorbency (HLA) requirements for G-Sii, the capital add-on to be impo