Overview of Global Insurance Regulators
In the second video in Sukhy’s series, she discusses the equivalent of the ‘Basel Committee’ in insurance; the International Association of Insurance Supervisors, or IAIS. She then outlines the Insurance Core Principles, or ICPs before introducing global insurance regulators from the European Union, United States and Asia.
Overview
Basel is viewed as the holy grail of banking regulation against which all local regulatory frameworks are measured. In a similar fashion to Basel, the IAIS is currently making a similar scene, through the development of the first global supervision standards for the insurance industry.
Key learning objectives:
What are the three stages of ICPs?
Why was Solvency 2 needed in Europe?
Understand the role of insurance regulators in the UK, the US and Asian countries
Understand the background and the need for IAIS
Summary
Expert
Sukhy Kaur
Sukhy has spent over 11 years working in investment banking. She started her career at Barclays Capital and then went onto join the hybrid capital desk at Credit Agricole, focusing on structuring and the initial regulatory developments of Basel 3. Continuing in the structuring space, she moved to the Capital Solutions desk at UBS Investment Bank.
