The holistic framework is set to be rolled out in 2020
Proposed intervention powers criticised by industry as “broad and vague”
GFIA welcomes elements of the paper, but is also critical
International supervisors investigate adoption of TCFD recommendations
Chair of field testing group said feedback came from a “great number of stakeholders.”
Ongoing concerns about recognition of aggregation approach to group capital requirements
The IAIS launched a consultation on its ICS 2.0 standard earlier this year
Solvency II is welcome, but broader coverage is needed to minimise economic threats
Since the International Association of Insurance Supervisors introduced the Insurance Capital Standard in 2016, the industry and some supervisors have pushed for fundamental changes in a number of areas. With a new consultation package, the IAIS aspires to square the circle. Aggelos Andreou reports
Sector sees risks of global warming, but can handle these with current rules, industry argues