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ARTICLE · 19 FEBRUARY 2019

Finding Common Ground – Recent Developments In International Group Supervision

Mayer Brown
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As with many industries, the insurance sector has become increasingly more complex and internationally connected over the past decade.

United StatesInsurance
Lawrence Hamilton
Lawrence Hamilton
Sanjiv J. Tata
Sanjiv J. Tata
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As with many industries, the insurance sector has become increasingly more complex and internationally connected over the past decade. More than ever, international insurance supervisory authorities are recognizing a need to facilitate the exchange of information in order to efficiently perform regulatory functions. The International Association of Insurance Supervisors ("IAIS"), a voluntary membership organization of insurance regulators and supervisors from more than 200 jurisdictions, has worked in recent years to promulgate the Common Framework for the Supervision of Internationally Active Insurance Groups ("ComFrame"), as a set of international supervisory requirements which can provide a basis for the effective groupwide supervision of internationally active insurance groups ("IAIGs").

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