07 October 2004

IAIS: Principles on the supervision of insurance activities on the Internet

This paper was originally issued in 2000 and was revised in 2004 to expand the scope to include insurance intermediaries and to add comments regarding key risks and risk management of insurance activities on the internet. This paper proposes an environment for the supervision of insurance activities on the internet that is consistent with that of insurance activities through other media. The principles also emphasise the importance of international cooperation between supervisors in this area. Ultimately the protection of the policyholder remains one of the most important tasks of the supervisor, regardless of the medium through which insurance is sold.

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