Kicking the can: global insurance deal highlights divisions

IAIS hails “unified path” on insurance regulation, but Europe frustrated by US exceptionalism

Insurance regulators did their best to put on a brave face in Malaysia at the start of November. Members of the International Association of Insurance Supervisors even took to describing a statement promising a “unified path to convergence” on a global insurance capital standard (ICS) as the Kuala Lumpur agreement. Scratch beneath the surface, however, and it becomes clear the statement reveals more about disagreements among IAIS members.

“It’s important to realise this is a total compromise wi

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: