COVID-19 May Slow International Group’s Systemic Risk Project
March 31, 2020 by Allison Bell
The COVID-19 crisis is forcing the International Association of Insurance Supervisors (IAIS) to think about slowing efforts to strengthen insurers’ ability to cope with crises.
The Basel, Switzerland-based regulator group says it may delay implementation of its systemic risk management framework.
The group is also giving members more time to test a new Insurance Capital Standard program, and it’s giving the United States and other jurisdictions more time to show that their Insurance Capital Standard alternative, the Aggregation Method, produces comparable results.
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Originally Posted at ThinkAdvisor on March 31, 2020 by Allison Bell.
Categories: Industry Articles
