Brazil opts for IAIS approach to risk-based regulation

Despite a host of Latin American countries opting to take the Solvency II-based route to insurance regulation Brazil, the largest economy in the region, will instead follow the approach outlined by the International Association of Insurance Supervisors (IAIS), according to a senior figure at the country's regulator.

In the last 18 months Mexico, Chile and Peru have all announced they will take a Solvency II approach. However, Eduardo Fraga, coordinator of solvency monitoring at the Brasilia

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