The International Association of Insurance Supervisors (IAIS) has launched public consultations on proposed revisions to the assessment methodology for global systemically important insurers (G-SIIs) and on non-traditional non-insurance (NTNI) activities and products.
The European Commission has awarded Bermuda and Japan full Solvency II equivalence, ensuring that the continent's insurers will be able to trade easily in these jurisdictions when the new regulatory framework comes into force next year.
Trade body Insurance Europe has welcomed the opening of negotiations between the US Federal Insurance Office and the US Trade Representative over a covered agreement with the EU.
