Think Tank - International Solvency Requirements: Towards More Risk Based Regimes
Source: Asia Insurance Review | Jan 2008
The powerful cocktail of globalisation, liberalisation of markets, financial innovation, financial convergence, growth of international capital markets, and the establishment of international regulatory and professional organisations is driving the need for international financial standards and requirements, with international solvency requirements for insurers as part of this. This article from The Geneva Papers, explains why risk-based regimes are desirable and talks about how the International Association of Insurance Supervisors (IAIS) approached the development of these international solvency requirements.
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