The International Association of Insurance Supervisors (IAIS) offers for public comment a draft proposal "Towards a common structure and common standards for the assessment of insurer solvency," (IAIS 2005). It builds upon existing IAIS papers on solvency, in particular "A New Framework for Insurance Supervision," (IAIS 2004).
The February draft "outlines a more precise view on a number of key elements or ‘cornerstones’ for the formulation of regulatory financial requirements for insurers worldwide," according to an IAIS press release on 2/15/05.
Both papers are now available on the IAIS website at www.iaisweb.org. The IAIS invites comments to to the IAIS Secretariat by 15 April 2005, via e-mail to: iais "at" bis.org, or by fax to: +41 61 280 9151, or by post to: IAIS Secretariat, c/o Bank for International Settlements, CH-4002 Basel, Switzerland.
Thanks to Risk Center Risk Alert for word of this paper and organization.
Posted by dougsimpson at February 18, 2005 09:43 AM | TrackBack