IAIS focuses on risk transfer
The International Association of Insurance Supervisors (IAIS) issued a guidance paper on risk transfer last month. The guidance – officially adopted at the association's general meeting in Vienna on October 21 – details potentially problematic areas that national and regional supervisors looking at finite reinsurance should focus on.
Finite reinsurance, also known as financial reinsurance, is a contract between an insurer and a reinsurer where limited risks are transferred to the reinsurer
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