The
IAIS released a paper on the “common structure for the assessment of insurer solvency” formulating a more consistent, reliable and transparent approach to the assessment of insurer solvency worldwide.
The paper presents a coherent risk-based methodology for the setting of regulatory financial requirements. It describes the respective roles of technical provisions and required capital and discusses the concepts that underpin the determination of these components in the context of a risk-based solvency regime.
While the focus of the paper is on financial requirements, it also addresses the more qualitative components of a solvency regime – namely governance and market conduct.
Press release
Paper
© IAIS - International Association of Insurance Supervisors
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