IAIS: Insurance Core Principles on corporate governance released
05 February 2004
The International Association of Insurance Supervisors (IAIS) released a compilation of existing documents detailing corporate governance requirements for insurers. It also lays out methods used by supervisors to ensure compliance with applicable corporate governance standards.
These documents address both corporate governance requirements within insurers and methods used by supervisors to require compliance with all applicable corporate governance standards.
Included are:
the Insurance Core Principle specifically addressing corporate governance
other Insurance Core Principles also directly impacting on corporate governance
a list of all IAIS standards and guidance related to various corporate governance aspects.
These documents are a subset of the revised Insurance core principles and associated Assessment methodology adopted by the IAIS in October 2003, which offer guidance for the effective operation of supervisory systems around the world. The 28 core principles included cover all aspects of a supervisory framework.
Full paper
© IAIS - International Association of Insurance Supervisors
