IAIS Update2012 Annual Meeting |
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Insurance regulators from around the globe attended the annual meeting of the International Association of Insurance Supervisors (IAIS) at the Grand Hyatt in Washington, D.C.
As may be normal at such international gatherings, progress happens slowly, but for the IAIS, organized only in 1994 and representing regulators and supervisors in more than 190 jurisdictions, simply meeting has significance.
Though global regulatory convergence remained the goal, clear disagreements remain, especially over capital standards and regulatory authority in the Common Framework for the Supervision of Internationally Active Insurance Groups (ComFrame). Regulating global systemically important insurers was another topic where differences were evident. But even as U.S. and E.U. regulators restated their differences on Solvency II and equivalency, a draft report comparing aspects of the insurance regulatory regimes in the United States and European Union was widely praised, and may help point the way forward.
Topics include:
- McCarty welcomed the world to Washington
- U.S.-E.U. Dialogue project told the road to convergence runs through reinsurance
- Systemic risk and how to prevent it: What regulators have planned
- ComFrame: The discussion continues
- Keynote: Fair value pricing is not the answer; neither is standardization
- What do regulators need now?
- Insurance inclusion fosters economic development
- Are there opportunities in longevity risk?
- ICP 9 adopted
- Moving on up
For more information, download the PDF.
IAIS update: 2012 annual meeting
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