Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards

Life Health > Health Insurance

NAIC Panel to Inspect ComFrame

Your article was successfully shared with the contacts you provided.

The Solvency Modernization Initiative Task Force is looking at efforts by the International Association of Insurance Supervisors (IAIS) to improve supervision of multinational insurers.

The task force, part of the National Association of Insurance Commissioners (NAIC), Kansas City, plans to discuss the Common Framework for the Supervision of Internationally Active Insurance Groups, or ComFrame, Friday during a conference call.

The IAIS, Basel, Switzerland, launched the ComFrame project this past summer.

The IAIS hopes to develop methods for supervising insurers that do business in two or more countries; establish a “comprehensive framework for supervisors to address group-wide activities and risks and also set grounds for better supervisory cooperation”; and “foster global convergence of regulatory and supervisory measures and approaches.”

The NAIC sponsored a symposium on regulation of international insurance groups in July, and the task force also will talk about the views expressed during that symposium.


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.