The Executive Committee of the International Association of Insurance Supervisors (IAIS) held a conference call on 26 March 2020 to continue its discussions of the impact of the coronavirus disease (COVID-19) on the global insurance sector and the IAIS’ activities.
The IAIS will utilise the framework it has developed in recent years for forward-looking risk assessment to undertake a targeted assessment of the impact of COVID-19 on the global insurance sector.
In consultation with the Financial Stability Board (FSB), the IAIS will review the 2020 timelines for the implementation of the Holistic Framework for the mitigation of systemic risk in the global insurance sector.
