December 6, 2023
Insurers are heavily exposed to the impact of climate change and also face risk from their alternative investments in reinsurance, the International Association of Insurance Supervisors said in a report on Wednesday. Insurers continue to have “material exposure” to climate …
May 7, 2020
Forcing retroactive payouts to cover business disruption losses resulting from the coronavirus pandemic could ultimately put financial stability at risk, global insurance regulators said. Disputes over cover for businesses struggling to stay afloat during coronavirus lockdowns have erupted in countries …
November 15, 2018
Global insurance regulators will put off singling out insurers deemed so important to the financial system that they are required to hold extra capital, in a victory for companies such as American International Group and Prudential. The International Association of …
November 20, 2017
The Oklahoma Insurance Department has joined an international supervisory cooperation and information exchange agreement. According to the International Association of Insurance Supervisors (IAIS), since the first jurisdiction was admitted in June 2009, membership in the IAIS Multilateral Memorandum of Understanding …
November 3, 2017
Global regulators have given themselves more time to bridge transatlantic differences that have delayed the world’s first capital rule for insurers, raising a cheer in the sector. The International Association of Insurance Supervisors (IAIS) said its members have agreed in …
September 11, 2017
The first global standard for investors to compare how much capital insurers from different countries hold to keep policies safe is caught in a transatlantic tussle, casting doubt on whether it is practical, industry and regulatory officials say. Global banks …
December 21, 2016
The Tennessee Department of Commerce and Insurance (TDCI) has joined the Multilateral Memorandum of Understanding (MMoU), an international supervisory cooperation and information exchange agreement. The MMoU is part of the International Association of Insurance Supervisors (IAIS), a global standard-setting body …
November 15, 2016
The International Association of Insurance Supervisors (IAIS) has recognized former Florida Insurance Commissioner Kevin M. McCarty for his service to international insurance regulation. McCarty is a past president of the National Association of Insurance Commissioners (NAIC) and was nominated by …
June 23, 2016
Fitch Ratings said that newly established transparency about the designation process for globally systemically important insurers (G-SIIs) could help more to proactively stay off the list in the first place. The International Association of Insurance Supervisors, a global standard setting …
June 22, 2016
Wisconsin Insurance Commissioner Ted Nickel was approved as a member of the Executive Committee of the International Association of Insurance Supervisors (IAIS). Tennessee Insurance Commissioner Julie Mix McPeak was elected vice-chair of the Executive Committee. Texas Insurance Commissioner David Mattax …