https://www.insurerbrain.com/w/index.php?action=history&feed=atom&title=Definition%3AIAISDefinition:IAIS - Revision history2026-05-02T15:59:37ZRevision history for this page on the wikiMediaWiki 1.43.8https://www.insurerbrain.com/w/index.php?title=Definition:IAIS&diff=14625&oldid=prevPlumBot: Bot: Creating new article from JSON2026-03-14T16:07:09Z<p>Bot: Creating new article from JSON</p>
<p><b>New page</b></p><div>🌍 '''IAIS''' — the International Association of Insurance Supervisors — is the global standard-setting body for the supervision of the [[Definition:Insurance industry | insurance industry]], bringing together regulators and supervisors from more than 200 jurisdictions. Headquartered in Basel, Switzerland, and hosted by the [[Definition:Bank for International Settlements (BIS) | Bank for International Settlements]], the IAIS develops principles, standards, and guidance that shape how national authorities regulate [[Definition:Insurance carrier | insurers]], [[Definition:Reinsurer | reinsurers]], and [[Definition:Insurance intermediary | insurance intermediaries]] worldwide. Its membership includes virtually every significant insurance supervisory authority, from the [[Definition:National Association of Insurance Commissioners (NAIC) | NAIC]] and U.S. state regulators to the European Insurance and Occupational Pensions Authority ([[Definition:EIOPA | EIOPA]]), the [[Definition:Prudential Regulation Authority (PRA) | UK's PRA]], the [[Definition:Financial Services Agency (FSA) | Japan FSA]], the [[Definition:China Banking and Insurance Regulatory Commission (CBIRC) | Chinese supervisory authorities]], and the [[Definition:Monetary Authority of Singapore (MAS) | Monetary Authority of Singapore]].<br />
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📜 The Association's work program revolves around several interconnected pillars. The [[Definition:Insurance Core Principles (ICPs) | Insurance Core Principles (ICPs)]] form the foundational supervisory standards against which jurisdictions are assessed, including through the Financial Sector Assessment Programs conducted by the [[Definition:International Monetary Fund (IMF) | IMF]] and [[Definition:World Bank | World Bank]]. Beyond the ICPs, the IAIS has devoted extensive effort to developing the [[Definition:Insurance Capital Standard (ICS) | Insurance Capital Standard (ICS)]] — a globally comparable, risk-based [[Definition:Capital requirement | capital requirement]] for [[Definition:Internationally active insurance group (IAIG) | internationally active insurance groups (IAIGs)]] — and the [[Definition:Holistic Framework | Holistic Framework]] for systemic risk, which replaced entity-specific [[Definition:Global systemically important insurer (G-SII) | G-SII]] designations with an activities-based approach to [[Definition:Macroprudential supervision | macroprudential supervision]]. Working groups and task forces within the IAIS also address [[Definition:Market conduct | market conduct]], [[Definition:Climate risk | climate risk]] disclosure, [[Definition:Cyber risk | cyber risk]], [[Definition:Insurtech | financial technology]], and cross-border supervisory cooperation.<br />
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🔗 For the global insurance sector, the IAIS functions as the central forum where divergent regulatory philosophies — from the prescriptive, rule-based traditions common in parts of Asia to the principles-based approach favored under [[Definition:Solvency II | Solvency II]] and the fragmented U.S. state-based system — are debated, compared, and gradually harmonized. While the Association's standards are not legally binding, they carry significant practical weight: jurisdictions that deviate from ICPs face scrutiny in international assessments, and the ICS is expected to progressively influence group capital regulation as its monitoring period concludes. Insurers, reinsurers, and [[Definition:Insurance group | insurance groups]] operating across borders track IAIS developments closely, because these standards ultimately cascade into the national rules governing [[Definition:Solvency | solvency]], [[Definition:Corporate governance | governance]], [[Definition:Risk management | risk management]], and reporting that they must comply with in each market.<br />
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'''Related concepts:'''<br />
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* [[Definition:Insurance Core Principles (ICPs)]]<br />
* [[Definition:Insurance Capital Standard (ICS)]]<br />
* [[Definition:Holistic Framework]]<br />
* [[Definition:Internationally active insurance group (IAIG)]]<br />
* [[Definition:Solvency II]]<br />
* [[Definition:Macroprudential supervision]]<br />
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