Today, the Financial Stability Board (FSB), in consultation with the International Association of Insurance Supervisors (IAIS) and national authorities, identified an initial list of nine global systemically important insurers (G-SIIs). These G-SIIs were identified using the IAIS assessment methodology. Going forward, the list of G-SIIs will be updated each year in November, starting in 2014.
Policy Measures Applicable to G-SIIs: Today, the IAIS also published a set of policy measures that will apply to G-SIIs and are consistent with the policy framework published by the FSB in November 2011. … Read More