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IAIS Issues Consultation on Global Insurance Capital Standard
9 January 2015
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The International Association of Insurance Supervisors released its public consultation document on a group-wide, consolidated risk-based insurance capital standard (the “ICS”) on December 17, 2014.
The consultation proposes a market-adjusted valuation approach to the calculation of the ICS.
The consultation invites feedback by February 16, 2015 on key issues, including the valuation methodology, qualifying capital resources and risks included in the insurance capital requirement.
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Insurance in Europe
Alexander R. Cochran
Eric R. Dinallo
Thomas M. Kelly
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