Insurance solvency regulation systems
Insurers and their groups are entities that, without exception, due to the key role they play in the workings of the financial system and of economic activity in general, are subject to systems of prudent regulation. In this context, the recent financial crises have opened a process of progressive and asymmetric convergence towards risk-based regulations on a global scale. This study analyzes the progress of this process, and the complexity associated with it, taking into account the outlook in large, mature markets like the United States and the Eurozone, as well as in other emerging markets like Latin America and Asia-Pacific. This report also deals with the efforts the International Association of Insurance Supervisors (IAIS) is making in the development of globally consistent supervision frameworks for large international insurance groups.