8 Aug 2024 in Application Papers, Consultations, Latest news, Supervisory and supporting material

Public consultation on the draft Application Paper on Operational Resilience Objectives [and Toolkit]

Public consultation feedback is invited by 11 October 2024 on the first phase of the draft Application Paper on Operational Resilience Objectives [and Toolkit]. This first phase sets out outcome-based objectives for operational resilience, which aim to provide a sound and consistent foundation to support supervisory authorities in their oversight of insurance sector operational resilience.

7 Dec 2023 in Latest news, Other supervisory notes and reports

Update on IAIS work on artificial intelligence and machine learning in insurance

Today, the IAIS issued a short summary of its ongoing efforts in the area of the adoption of artificial intelligence and machine learning (AI/ML) in the insurance sector. In view of the rapid advancements in AI/ML technologies, in 2023 the IAIS FinTech Forum conducted a thematic review of existing guidance on AI/ML and model risk […]

23 May 2023 in Consultations, Issues Papers, Latest news

IAIS publishes Issues Paper on Insurance Sector Operational Resilience

The IAIS has now published its Issues Paper on Insurance Sector Operational Resilience, which identifies issues impacting operational resilience in the insurance sector and provides examples of how supervisors are approaching these developments, with consideration of lessons learnt during the Covid-19 pandemic. Recognising that operational resilience is a broad and evolving area, the paper addresses […]