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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
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