The International Association of Insurance Supervisors (IAIS) was established in 1994 to promote cooperation among insurance regulators and also with regulators in other financial sectors.

This article summarises the work currently in progresswithin the IAIS to develop a new framework for insurancesupervision and in particular, the work to develop acommon structure and common standards for theassessment of insurer solvency.

... The Principles on Capital Adequacy and Solvency as set out in this paper are applicable to all insurance companies and are relevant for evaluating the solvency of life insurance undertakings and non-life (or general) insurance undertakings ...

... The purpose of this guidance paper is to discuss why it is important to set a solvency control level, to identify key factors in setting a solvency control level, and to discuss possible supervisory actions when a solvency control level is breached ...