IAIS expands core principles for insurance

The International Association of Insurance Supervisors (IAIS) has revised and expanded its Insurance Core Principles and Methodology, offering new guidance for the effective operation of supervisory systems around the world. The 28 principles cover all aspects of a supervisory framework - from licensing a company to winding it up. Principles addressing such issues as transparency of the supervisory process, assessment and management of risk, consumer protection, and anti-money laundering have