This document provides resolutions for the comments received during the public consultation on Phase 2 of the Liquidity Metrics project that the IAIS conducted between 18 November 2021 and 24 January 2022
The Liquidity Metrics serve as an ancillary indicator for the Individual Insurer Monitoring, which is one component of the Global Monitoring Exercise, to facilitate the IAIS’ monitoring of the global insurance sector liquidity risk.
Today the IAIS published its 2021 Global Market Insurance Report (GIMAR). The report covers the latest findings from the IAIS’ targeted assessment of the impact of Covid-19 on the global insurance sector, the outcome of the first full Global Monitoring Exercise (GME) of potential systemic risks and key highlights of the global reinsurance market analysis.
The 2021 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. Insurers’ solvency ratios continued to improve over 2020; however, vulnerabilities remain. Key risks and trends facing the global insurance […]
Background information: The IAIS adopted in November 2019 the Holistic Framework for the assessment and mitigation of systemic risk in the global insurance sector (Holistic Framework) in order to support its mission of effective and globally consistent supervision of the insurance industry to protect policyholders and to contribute to global financial stability. The key elements […]
More than 35% of insurers’ invested assets are exposed to risks from climate change, according to data covering 75% of the global insurance sector. Scenario analysis confirms significant benefits of an orderly transition towards internationally agreed climate targets from both a financial stability and solvency perspective. IAIS report provides important insurance supervisory perspective in international […]
This special topic edition assesses how insurance sector investments are exposed to climate change. Drawing on unique quantitative and qualitative data gathered from the wide IAIS Membership, analysis was carried out to better understand insurers’ asset-side exposures to, as well as supervisors’ views on, climate-related risks.
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.
