IAIS keeps options open with first proposals for global standard

The International Association of Insurance Supervisors has launched the first of three consultations on a proposed global capital standard but has left key questions unanswered. Louie Woodall reports


The International Association of Insurance Supervisors (IAIS) has fired the starting gun in the race to design the world's first global capital standard for internationally active insurers.

On December 17, the IAIS published its first of three promised public consultations on an insurance capital standard (ICS). The ICS is intended to be a consolidated group-wide standard and measure of capital adequacy for both internationally active insurance groups (IAIGs) and global systemically important

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