The International Association of Insurance Supervisors (IAIS) has produced an interim public consultation paper on an activities-based approach to systemic risk in the sector.

It says the paper “is intended to provide an opportunity for stakeholders to give input into the development of an activities-based approach and feedback on the proposed steps the IAIS will follow in its work on deriving activities-based policy measures”.

The IAIS is developing an activities-based approach to systemic risk under its three-year cycle for reviewing policy, which is scheduled to be complete in 2019.

A second public consultation on its final proposals will follow by the end of next year.

Submissions for the interim consultation must be made by February 15. For more information, click here.