IAIS faces fresh debate on systemic risk – and clash on capital standard

The International Association of Insurance Supervisors meeting in Kuala Lumpur this week comes amid a renewed debate about systemic risk in insurers and big questions about the deadlines for developing a global capital standard. Christopher Cundy reports


IAIS urged to postpone ICP 24 review over systemic risk concerns

Wait until work of Systemic Risk Assessment Task Force is concluded, says Insurance Europe


50 insurers to test global capital standard

Version 1.0 of ICS released for extended field test


Insurer concerns remain rife on recovery and resolution planning

1,200 comments received in IAIS's second attempt on ICP 12 consultation


IAIS chief holds firm on entities approach to systemic risk

Activities-based approach is complementary, says Kawai


FSOC's Woodall criticises IAIS transparency and engagement

Woodall asks why he is not allowed to attend systemic risk meeting


IAIS should avoid setting new standards on corporate governance says Insurance Europe

Lobby group asks for removal of "implicit" requirements in response to IAIS draft paper


Insurers split on recovery and resolution planning

As the IAIS looks to develop a market-wide approach to systemic risk, Eiopa is developing rules that will require recovery and resolution plans from all insurers regardless of their size. This broader approach to systemic risk has split industry opinion and pitted large firms against small. Callum Tanner reports


South African regulator to lead IAIS

Jonathan Dixon to replace Yoshihiro Kawai


Pakistan to align insurance law with international norms

Proposed rules give watchdog extensive powers