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Global News - IAIS Chairman calls for supervisors to co-ordinate their actions

Source: Asia Insurance Review | May 2012

While every standard setting body plays an important role in setting and implementing international standards, supervisors must respond to the growing need to coordinate their actions as the insurance marketplace becomes even more globally interconnected, said Mr Peter Braumüller, Chair of the Executive Committee of the International Association of Insurance Supervisors (IAIS). He also called on insurance supervisors to allocate resources in a way that best suits the ultimate goal of protecting policyholders.

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