Thank you for sharing!

Your article was successfully shared with the contacts you provided.

To achieve greater global consistency, the International Association of Insurance Supervisors (IAIS) has set out a series of insurance core principles that provide a framework for the development of solvency regimes. In light of the increasing awareness of the role that internationally active insurance groups play in the global economy, the IAIS also is driving the reform of group-wide supervision, at the heart of which is the development of a common framework known as ComFrame. While there appears to be high-level agreement on key principles (operative word) for solvency regime reform, full convergence is unlikely given territorial industry differences, geopolitical impediments and regulator preferences.

The approach to group supervision has the potential to significantly impact the industry, its global competitiveness and the level of protection for domestic policyholders, particularly in terms of:

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.


  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?



Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360
Live Chat

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.