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The International Association of Insurance Supervisors (IAIS) has announced its plan to develop a risk based global insurance capital standard (ICS) by 2016. Full implementation will begin in 2019 after two years of testing and refinement with supervisors and internationally active insurance groups (IAIGs).
The IAIS has also published the following documents:
The IAIS intends to engage in public consultations on ComFrame, the ICS and the backstop capital requirements prior to their adoption.
Related Link:
http://www.iaisweb.org/
This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author.
Alexander Boehm Chief Executive Officer at PayRate42
05 September
Alexander Saleh Head of Partnerships at Coincover
02 September
Alex Kreger Founder & CEO at UXDA
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