Wider sector may face similar scrutiny to 'too big to fail' insurers
In 2020 the International Association of Insurance Supervisors hopes to make key changes to how systemic risk in the insurance sector is measured and dealt with, in a move that could see more insurers face similar scrutiny to 'too big to fail' insurers and the G-SII classification dropped.
The global body, which is made up of volunteer members from insurance supervisors and regulators in over 200 jurisdictions, has put together a holistic framework that it hopes to enforce in 2020. This
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