IAIS Peter Braumüller: The traditional insurance business is of very little or no systemic concern

15 November 2011

Braumüller also said that the financial crisis showed that certain non-traditional activities could lead to distress, for example the large-scale leveraging of assets – or so-called securities lending – to enhance expected investment returns.

The IAIS paper is a milestone on the road to a comprehensive understanding of the role of the insurance sector in the financial system and its interaction with other financial market participants. The content of this paper will also contribute to the discussion on the development of an assessment methodology for identifying globally systemically important insurers. The G20 expect the IAIS to complete this work in time for the Summit of G20 Leaders in June 2012.

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