A level playing field or out in left field?

IAIS Capital Standards 2016 Field Test

A level playing field or out in left field?
Posted by David Sherwood, Matthew Clark, and Sara Veit Kaufman on September 13, 2016.

In an effort to promote global financial stability and protect policyholders through the maintenance of a fair, safe, and stable insurance market, the International Association of Insurance Supervisors (IAIS) has been developing an Insurance Capital Standard (ICS). ICS is one component of the Common Framework (ComFrame) for the Supervision of Internationally Active Insurance Groups (IAIGs), and is intended to promote effective and globally consistent supervision of the insurance industry. The IAIS’s intent is to provide comparability of outcomes across jurisdictions, but the question is how this can most effectively be attained.

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