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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.
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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.
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The objective of this report is to set out the full process and product of the IAIS Task Force (Task Force Re)'s work in response to the request from the Financial Stability Forum (FSF) to improve the transparency of the global reinsurance market and risk-oriented disclosures of individual...
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This report contains recommendations for improving the public disclosure practices of financial intermediaries ...
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... This document should serve as a basic benchmark for insurance supervisors in all jurisdictions. It can be used when establishing a supervisory regime or for identifying areas in existing regimes that needto be improved ...
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... 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 ...
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... On-site inspection, whether by the supervisory authority or its representatives, is a vitally important part of the supervisory process, closely related to the on-going monitoring process ...
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... The Technical Committee of IAIS has decided to build upon the principles relating to coordination and information-sharing between supervisors with respect to international insurance groups and other international financial groups which are significantly involved in insuranceactivities....
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