The consultations are aimed at promoting a globally consistent supervisory approach to address climate-related risks in the insurance sector.
March 17, 2023The paper describes current practices and is intended to serve as a guide for jurisdictions considering establishing a PPS or modifying an existing PPS.
February 14, 2023Higher systemic risk scores are driven by increased exposures to illiquid and difficult-to-value assets, OTC derivatives, repo transactions and other factors.
December 20, 2022The FSB will instead use assessments available through the IAIS Holistic Framework to inform its considerations of systemic risk in the insurance sector.
December 12, 2022D-SIIs will be required to meet higher capital and enhanced corporate governance requirements, and establish RRPs and robust risk management information systems.
November 2, 2022Implementation of requirements for non-life insurers to set aside more capital to guard against catastrophe risks have been postponed.
October 26, 2022The revised rules seek to align the domestic framework with IAIS standards, while also addressing corporate governance and risk management issues.
December 21, 2021The training will initially cover climate-related risk drivers, transmission channels, measurement methodologies, bank stress testing, insurance sector supervision, and TCFD disclosures.
November 9, 2021The IAIS estimates more than 35 percent of insurers’ investment assets are “climate-relevant”, i.e. exposed to climate risks.
October 6, 2021The initiative will see the establishment of a dedicated online portal for global training on climate risks for central banks and supervisors.
July 13, 2021