Index-based insurances is defined as insurance contracts in which a claim is defined with reference to a pre-determined index (sometimes also referred to as parametric insurance). The paper, published on June 18th, focusses on the insurances usually directed at weather related or natural catastrophe event risks, primarily for insurance supervisors who are seeking to enhance financial inclusion in developing markets.
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Implementation of the IAIS’ supervisory material and supporting capacity building efforts of insurance supervisors is key to achieving effective and globally consistent supervision of insurance. These pages contain information on the IAIS assessment programme and surveys, as well as key capacity building tools such as the Core Curriculum.
To access the Implementation and Capacity Building please click here.
Application Papers provide additional material related to one or more ICPs, ComFrame or G-SII policy measures, including actual examples or case studies that help practical application of supervisory material. Application Papers could be provided in circumstances where the practical application of principles and standards may vary or where their interpretation and implementation may pose challenges Application Papers can provide further advice, illustrations, recommendations or examples of good practice to supervisors on how supervisory material may be implemented.
Issues Papers provide background on particular topics, describe current practices, actual examples or case studies pertaining to a particular topic and/or identify related regulatory and supervisory issues and challenges.
Under its supervisory material, the IAIS publishes Guidance papers. You can access the papers here.
The ICP on-line tool provides a convenient and flexible access to the IAIS ICP material.
The Insurance Core Principles updated November 2017, includes Insurance Core Principles as adopted by the IAIS.
This paper, published on September 20th, is primarily focused on providing guidance to insurance supervisors who are seeking to enhance financial inclusion in their markets through use of Mutuals, Cooperatives and Community Based Organisations (MCCOs).
The International Association of Insurance Supervisors (IAIS) and the Access to Insurance Initiative (A2ii) have launched the Self-Assessment and Peer Review (SAPR) on Regulation and Supervision supporting Inclusive Insurance Markets. This SAPR assesses the supportiveness of supervisors to the cause of enhancing inclusive insurance markets.
This paper has been developed to advance discussion on the appropriate and effective regulation and supervision of MCCOs.