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ARTICLE · 15 JANUARY 2014

Global Corporate Insurance & Regulatory Bulletin, December 2013

Mayer Brown
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As reported in our July 2013 bulletin, on July 18, 2013, the International Association of Insurance Supervisors published a methodology for identifying global systemically important insurers together with a set of policy measures that will apply to such insurers.

GlobalInsurance
David Alberts
David Alberts
Colin Scagell
Colin Scagell
Lawrence Hamilton
Lawrence Hamilton
Vikram Sidhu
Vikram Sidhu
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Keywords: IAIS, GSII, policy measures, FSB, reinsurers, capital requirements

GLOBAL

Capital Requirements for Global Systemically Important Insurers

As reported in our July 2013 bulletin, on July 18, 2013, the International Association of Insurance Supervisors (the "IAIS") published a methodology for identifying global systemically important insurers ("GSII") together with a set of policy measures that will apply to such insurers. These measures have been endorsed by the Financial Stability Board ("FSB"). Also on July 18, 2013, FSB released its list of nine GSIIs: Allianz SE, American International Group Inc., Assicurazioni Generali SpA, Aviva plc, AXA S.A., MetLife Inc., Prudential Financial Inc., Prudential plc and Ping An Insurance (Group) Company of China, Ltd. FSB plans to perform an assessment process for determining globally systemically important reinsurers with the aim of creating a list of "systemically important" reinsurers before the end of 2014.

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