IAIS ComFrame to close gap in supervision of insurance groups
06 July 2011
As a supervisory response to the increasing globalisation in the insurance sector, combined with the key lessons learnt from the financial crisis, the IAIS is building the Common Framework for the Supervision of Internationally Active Insurance Groups (ComFrame).
This will foster cooperation among supervisors and close regulatory gaps. The International Association of Insurance Supervisors (IAIS) is addressing these issues as it seeks to improve the supervision of Internationally Active Insurance Groups (IAIGs). The IAIS has made a significant move towards this by announcing the release, for comment, of a Concept Paper for ComFrame.
Comments to the IAIS Secretariat on the Concept Paper are due by 31 August 2011
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