The IAIS has published its 2022 GIMAR, presenting outcomes of the Global Monitoring Exercise (GME), the IAIS’ framework for monitoring risks and trends in the global insurance sector and assessing the possible build-up of systemic risk.
The 2022 Global Insurance Market Report (GIMAR) presents outcomes of the Global Monitoring Exercise (GME), the IAIS’ framework for monitoring risks and trends in the global insurance sector and assessing the possible build-up of systemic risk.
Following a review after three years of implementation, the FSB, in consultation with the IAIS, has decided that the Holistic Framework provides a more effective basis for assessing and mitigating systemic risk in the insurance sector than G-SII identification.
Background information The IAIS continues to enhance the Holistic Framework for systemic risk in insurance, including through its triannual review of the risk assessment in the Global Monitoring Exercise. In support of this effort, the IAIS conducted a public consultation seeking input on the individual insurer monitoring (IIM) assessment methodology used to calculate individual insurers’ […]
The liquidity metrics will serve as a tool to facilitate the IAIS’ monitoring of the global insurance sector’s liquidity risk and for the IAIS to assess insurers’ liquidity exposure from a macroprudential perspective, which may be critical as insurers have been exposed to liquidity shortfalls in previous crises.