17 October 2008

IAIS issues supervisory papers on solvency assessment

The International Association of Insurance Supervisors adopted a series of supervisory papers on solvency assessment. The papers identify key features supervisors should consider in their particular solvency regimes in establishing and maintaining well-regulated insurance industries.

The papers cover:

• Standard and guidance on the structure of regulatory capital requirements

• Standard and guidance on enterprise risk management for capital adequacy and solvency purposes

• Standard and guidance on the use of internal models for regulatory capital purposes

Press release

Standards

Standard No. 2.1.1 on the structure of regulatory capital requirements 

Standard No. 2.2.6 on ERM for capital adequacy and solvency purposes 

Standard No. 2.2.7 on the use of Internal Models for regulatory capiital purposes 

Guidance papers

Guidance paper No. 2.1.1 on the structure of regulatory capital requirements 

Guidance paper No. 2.2.5 on ERM for capital adequacy and solvency purposes 

Guidance paper No. 2.2.6 on the use of Internal Models for regulatory capital purposes 

Guidance paper No. 3.6 on regulation and supervision of captive insurers 

Guidance paper No. 3.5 on the mutual recognition of reinsurance supervision 

Guidance Paper No. 3.7 on the role and responsibilities of a group-wide supervisor 

Other papers

Principles No. 3.4 on Group-Wide Supervision 

© IAIS - International Association of Insurance Supervisors