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BCR consultation: IAIS ducks key issues

The IAIS has published the second consultation on the basic capital requirement but the document is most notable for what it leaves out.

iais-avoiding-key-issues-bcr

The second consultation on the basic capital requirement (BCR) from the International Association of Insurance Supervisors is notable principally for what it is missing – leaving questions unanswered on contentious issues for insurers such as asset-liability matching and diversification.

The paper, released on July 9, outlines the framework for the BCR but defers some essential details of the

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