IAIS publishes ComFrame documents: IAIS has published:
- a list of the 10 principles it will follow in developing the risk-based global Insurance Capital Standard (ICS);
- a list of the 10 principles it will follow in developing the requirements on Higher Loss Absorbency (HLA) for Global Systemically Important Insurers; and
- a revised draft of its Common Framework for the Supervision of Internationally Active Insurance Groups (ComFrame). ComFrame now includes a new section on the ICS and anticipates the development of crisis management and resolution measures. IAIS will publish consultation on both issues before the year end.