On 25 January 2016, Insurance Europe published its response to the International Association of Insurance Supervisors (IAIS) consultation on the methodology for identifying global systemically important insurers (G-SIIs).  This acknowledges that the proposed methodology has been improved.  However, amongst other matters, Insurance Europe comments that the current and proposed methodologies do not adequately distinguish between (a) institution-specific risks and sector/financial system-wide risks and (b) insurers exposed to systemic risk and those creating systemic risk.