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International Co-operation Grows as Canada, the Isle of Man, Luxembourg, and Poland Join the IAIS’ Memorandum of Understanding

The global reach of the IAIS continues to grow as Canada, the Isle of Man, Luxembourg, and Poland join its international information exchange agreement.

Originally Published:

Thursday, August 2, 2012

Financial Services Authority Publishes New Rules on Packaged Accounts

The Financial Services Authority (FSA) has published new rules requiring banks and building societies to check whether customers are eligible to claim on insurance cover before selling them a packaged bank account.

Originally Published:

Friday, July 27, 2012

IAIS Releases Policy Paper on Reinsurance and Financial Stability

The International Association of Insurance Supervisors released a policy paper exploring the interrelationship between reinsurance and financial stability.

Originally Published:

Thursday, July 19, 2012

IAIS Releases 2012 Draft of Common Framework for Supervision of Internationally Active Insurance Groups

The International Association of Insurance Supervisors released its 2012 draft of the Common Framework for the Supervision of Internationally Active Insurance Groups, designed to facilitate supervision of international active insurance groups.

Originally Published:

Monday, July 2, 2012

International Cooperation Grows as Memorandum of Understanding Signed Between International Actuarial Association and International Association of Insurance Supervisors

The International Actuarial Association and the International Association of Insurance Supervisors have signed a Memorandum of Understanding.

Originally Published:

Friday, June 22, 2012

APRA Releases Further Package on Review of Capital Standards for Insurers

The Australian Prudential Regulation Authority (APRA) has released a set of prudential standards in final form, a set of draft prudential standards and a response paper as part of its review of capital standards for general and life insurers.

Originally Published:

Thursday, May 31, 2012

IAIS Releases Assessment Methodology for the Identification of Global Systemically Important Insurers

The International Association of Insurance Supervisors released its proposed assessment methodology for identifying globally systemically important insurers.

Originally Published:

Thursday, May 31, 2012

Financial Services Authority publishes guidance consultation to help firms provide redress to victims of PPI mis-selling

The Financial Services Authority (FSA) has published proposed guidance for firms that sold payment protection insurance (PPI) and are beginning to contact customers who may have been mis-sold a policy but have yet to complain.

Originally Published:

Tuesday, March 6, 2012

IAIS Uses New Monitoring Tools for the First Time as it Releases Peer Review Report on Supervisory Cooperation and Information Exchange

The International Association of Insurance Supervisors has used its new monitoring tools by issuing the first report to emerge from its thematic self-assessment and peer review process.

Originally Published:

Tuesday, February 28, 2012

APRA Targets Insurer’s “Risk Appetites”

Helen Rowell, the Executive General Manager of the Supervisory Support Division at the Australian Prudential Regulatory Authority presented a speech to the Insurance Council of Australia in which she noted that APRA is increasing its focus on how insurers set their risk appetite after reviews raised

Originally Published:

Wednesday, February 22, 2012

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