This paper provides guidance on money laundering and terrorist financing risks affecting the life insurance sector and proposes measures to mitigate the associated risks.
This paper describes the processes and practices related to the establishment and functioning of supervisory colleges for insurance groups with cross-border activities. In particular, the paper supports observance of ICP 3 (Information Sharing and Confidentiality Requirements) and ICP 25 (Supervisory Cooperation and Coordination).
The paper provides further guidance on the supervisory material related to macroprudential supervision in Insurance Core Principle (ICP) 24, which was revised as part of the Holistic Framework.
The paper provides guidance for supervisors and resolution authorities in implementing a resolution framework, including setting up powers, planning for resolution and issues around coordination and cooperation. The paper is part of a broader project to help insurance supervisors and resolution authorities apply the standards on recovery and resolution in the ICPs and ComFrame.