International Group Head Defends Consideration of U.S.-Backed Proposal

February 25, 2020 by Allison Bell

The head of the International Association of Insurance Supervisors (IAIS) is defending the idea of testing a capital calculation proposal backed by the United States alongside the main IAIS international capital standards (ICS) approach.

Jonathan Dixon, the IAIS secretary general, talked about the decision to keep looking at the U.S.-backed Aggregation Method last week, in a statement posted on the IAIS website.

“One of the key ICS principles is comparability of outcomes across jurisdictions, thereby contributing to a level playing field and reducing the possibility of capital arbitrage,” Dixon said in the statement.

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Originally Posted at ThinkAdvisor on February 25, 2020 by Allison Bell.