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Moody’s says a recent outline put forth by the International Association of Insurance Supervisors (IAIS) regarding a regulatory framework to monitor international insurers’ group-wide activities is credit positive.

“We regard development of a common framework as a challenging process that will ultimately benefit insurance policyholders, creditors and other market participants,” Moody’s says in its Weekly Credit Outlook, adding that IAIS’s publication of the outline is “an early milestone in a three-year effort to roll out a common framework.”

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