Insurance regulatory news, March 2021

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Recent regulatory developments of interest to insurers and their intermediaries. See also our Financial institutions general regulatory news in the Related Materials links.

Contents

  • IAIS 2021-22 roadmap

IAIS 2021-22 roadmap

The International Association of Insurance Supervisors (IAIS) has published its roadmap for 2021-22. In the roadmap, the IAIS sets out details of its anticipated projects and activities for 2021-22, grouped under the following high-level goals:

  • assessing and responding to global market trends and developments;
  • setting and maintaining globally recognised standards for insurance supervision;
  • sharing good supervisory practices and facilitating understanding of supervisory issues; and
  • assessing and promoting observance of IAIS supervisory material. 

Table 1 to the roadmap provides a summary of the IAIS projects and table 2 sets out a list of projects with details of their objectives and their planned timings, including dates for consultation papers. The roadmap also sets out how the IAIS intends to reflect issues arising from the COVID-19 pandemic into its projects for 2021-22.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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