https://www.insurerbrain.com/w/index.php?action=history&feed=atom&title=Definition%3AJoint_Forum 2026-06-14T20:15:34Z Revision history for this page on the wiki MediaWiki 1.43.8 https://www.insurerbrain.com/w/index.php?title=Definition:Joint_Forum&diff=14702&oldid=prev 2026-03-14T16:09:43Z

<p>Bot: Creating new article from JSON</p> <p><b>New page</b></p><div>🏛️ &#039;&#039;&#039;Joint Forum&#039;&#039;&#039; is an international body established in 1996 under the aegis of the [[Definition:Basel Committee on Banking Supervision | Basel Committee on Banking Supervision]], the [[Definition:International Organization of Securities Commissions (IOSCO) | International Organization of Securities Commissions (IOSCO)]], and the [[Definition:International Association of Insurance Supervisors (IAIS) | International Association of Insurance Supervisors (IAIS)]] to address supervisory issues that arise in the regulation of [[Definition:Financial conglomerate | financial conglomerates]] — groups that straddle banking, securities, and insurance. For the insurance industry specifically, the Joint Forum has been instrumental in developing principles for the supervision of entities where insurance operations sit alongside banking or asset management businesses, ensuring that [[Definition:Regulatory capital | regulatory capital]], [[Definition:Risk management | risk management]], and governance standards are applied consistently across sectors rather than allowing risks to migrate to the least-regulated part of a group.<br /> <br /> ⚙️ The Forum operates through working groups composed of senior supervisors drawn from its three parent organizations, producing principles, guidelines, and comparative studies rather than binding regulation. Its outputs feed into national and regional regulatory frameworks — for instance, its principles on the supervision of financial conglomerates informed the European Union&#039;s Financial Conglomerates Directive and shaped how [[Definition:Solvency II | Solvency II]] addresses group-level supervision of insurance undertakings with cross-sectoral affiliations. A recurring focus has been identifying gaps in supervisory coverage that emerge when an insurance group&#039;s [[Definition:Reinsurance | reinsurance]] arrangements, [[Definition:Investment portfolio | investment activities]], or [[Definition:Derivatives | derivative exposures]] create interconnections with banking and capital markets that no single-sector regulator can fully oversee.<br /> <br /> 🌐 The Joint Forum&#039;s significance to insurers extends well beyond theoretical governance. In a world where major groups such as [[Definition:Allianz | Allianz]], [[Definition:AXA | AXA]], and [[Definition:Ping An Insurance | Ping An]] operate across insurance, banking, and asset management, the Forum&#039;s work directly shapes how supervisors evaluate [[Definition:Group capital | group capital adequacy]], intra-group transactions, and concentration risk. Its influence is especially visible in post-financial-crisis reforms, where the interplay between insurance liabilities and banking-style risks — exemplified by the near-collapse of [[Definition:American International Group (AIG) | AIG]] — underscored the need for cross-sectoral vigilance. By providing a structured platform for coordination among the world&#039;s leading financial supervisory standard-setters, the Joint Forum helps ensure that insurance regulation keeps pace with the increasingly blurred boundaries of modern financial services.<br /> <br /> &#039;&#039;&#039;Related concepts:&#039;&#039;&#039;<br /> {{Div col|colwidth=20em}}<br /> * [[Definition:International Association of Insurance Supervisors (IAIS)]]<br /> * [[Definition:Financial conglomerate]]<br /> * [[Definition:Solvency II]]<br /> * [[Definition:Group supervision]]<br /> * [[Definition:Basel Committee on Banking Supervision]]<br /> * [[Definition:Systemic risk]]<br /> {{Div col end}}</div>

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