Insurer global capital standard unfairly constrains loss-absorbing capital instruments

aifmd-0913

New insurer capital standards proposed by the International Association of Insurance Supervisors (IAIS) unfairly constrain the loss-absorbing instruments that insurers can use and will clash with existing regulatory regimes, insurance industry bodies are warning. The IAIS is currently developing the first global insurance capital standard (ICS) that will apply to all internationally active insurance groups (IAIGs) and a basic capital requirement (BCR) for global systemically important insurer