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IAIS Recent Developments

IAIS Recent Developments. Hyderabad, 16 November 2005 Yoshi Kawai – Secretary General International Association of Insurance Supervisors (IAIS) Website: www.iaisweb.org. Overview. IAIS Annual Conference 2005 Insurance Core Principles and Supervisory Framework Solvency Requirements.

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IAIS Recent Developments

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  1. IAIS Recent Developments Hyderabad, 16 November 2005 Yoshi Kawai– Secretary General International Association of Insurance Supervisors (IAIS) Website: www.iaisweb.org

  2. Overview • IAIS Annual Conference 2005 • Insurance Core Principles and Supervisory Framework • Solvency Requirements IAIS Recent Developments

  3. Overview • IAIS Annual Conference 2005 • Insurance Core Principles and Supervisory Framework • Solvency Requirements IAIS Recent Developments

  4. IAIS Standard Setting Core Principles Principles Supervisory Standards Guidance & Issues Papers IAIS Recent Developments

  5. 2.1 ICPs’ Structure & Content IAIS Recent Developments

  6. 2.1 ICPs’ Structure & Content IAIS Recent Developments

  7. 2.1 ICPs’ Structure & Content IAIS Recent Developments

  8. supervisory supervisory supervisory assessment and intervention supervisory assessment and intervention action LEVEL 3 LEVEL 3 regulatory regulatory financial financial governance governance market conduct market conduct requirements requirements LEVEL 2 LEVEL 2 the insurance supervisory authority the insurance supervisory authority basic conditions for the basic conditions for the preconditions preconditions effective functioning of effective functioning of the insurance sector and insurance supervision the insurance sector and insurance supervision LEVEL 1 LEVEL 1 2.2 Framework for Insurance Supervision

  9. 2.2 Framework for Insurance Supervision supervisory supervisory supervisory assessment and intervention action LEVEL 3 LEVEL 3 regulatory regulatory financial governance market conduct requirements requirements LEVEL 2 LEVEL 2 basic conditions for the effective functioning of the insurance supervisory authority preconditions preconditions LEVEL 1 the insurance sector and insurance supervision

  10. supervisory supervisory supervisory assessment and intervention action LEVEL 3 LEVEL 3 Regulatory requirements financial financial governance governance market conduct market conduct LEVEL 2 LEVEL 2 the insurance supervisory authority the insurance supervisory authority basic conditions for the basic conditions for the preconditions preconditions effective functioning of effective functioning of the insurance sector and insurance supervision the insurance sector and insurance supervision LEVEL 1 LEVEL 1 2.2 Framework for Insurance Supervision

  11. Supervisory action supervisory assessment and intervention supervisory assessment and intervention LEVEL 3 regulatory regulatory financial financial governance governance market conduct market conduct requirements requirements LEVEL 2 LEVEL 2 the insurance supervisory authority the insurance supervisory authority basic conditions for the basic conditions for the preconditions preconditions effective functioning of effective functioning of the insurance sector and insurance supervision the insurance sector and insurance supervision LEVEL 1 LEVEL 1 2.2 Framework for Insurance Supervision

  12. Overview • IAIS Annual Conference 2005 • Insurance Core Principles and Supervisory Framework • Solvency Requirements IAIS Recent Developments

  13. Supervisory assessment of the financial position Public financial reporting capital available capital * capital requirement liabilities value of assets for supervisory purposes technical provisions risk margin liabilities best estimate policy obligations assets liabilities assets liabilities and capital requirement financial position 3. Solvency Requirements IAIS Recent Developments

  14. www.iaisweb.org International Association of Insurance Supervisors (IAIS) IAIS Recent Developments

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