The IAIS Global Frameworks for Supervision of IAIGs including ComFrame, ICS 2.0 and the holistic framework in Japan, the United States, and the rest of the world

In 2019, the International Association of Insurance Supervisors adopted a global framework for the Supervision of Internationally Active Insurance Groups (IAIGs). This includes revisions to the Common Framework for the Supervision of Internationally Active Insurance Groups (ComFrame), such as the Insurance Core Principles (ICPs), Insurance Capital Standard (ICS) 2.0, and the Holistic Framework for mitigation of systemic risk. This Milliman paper and presentation discusses the markets in Japan, United States, and worldwide, covering the following:

• The IAIS Global Frameworks for Supervision of IAIGs
• ICS Calculation Framework
• Global trend of supervision for insurers
• Solvency regulation and ICS in Japan and the United States

This presentation was published by actuview.

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