Policy-makers consider extending capital backstop to global insurers
IAIS to decide in 2014 whether to apply basic capital requirement beyond systemically important 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
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