7 days ago · The IAIS (International Association of ... management arrangements, lines of responsibility, systems of risk management and internal controls.

Objective: To ensure that internal controls are effectively designed, implemented, and evaluated to mitigate risks and comply with regulatory requirements.

This control standard requires that the insurer provides the supervisor with access to the material results of stress testing, scenario analysis, and risk ...

6 days ago · This control standard requires supervisors to establish clear and consistent modelling criteria for insurers. These criteria should specify the ...

6 days ago · Risk assessment methodologies specifically designed for different customer segments and product types; Supervisory tools and techniques tailored ...

6 days ago · The ORSA process involves a comprehensive assessment of an insurer's risk profile, capital adequacy, and financial stability. It evaluates the ...

6 days ago · Implementing risk management strategies to mitigate capital risks and enhance solvency. Governance and Oversight: The board of directors and ...

6 days ago · Objective: To mitigate risks associated with cross-border asset transfers by establishing appropriate legal and operational controls.

Conduct regular CMG meetings to assess risks, review crisis management plans, and coordinate preparedness efforts. Implement scenario planning exercises to test ...

6 days ago · Objective: To ensure that the company's anti-money laundering (AML) and combating the financing of terrorism (CFT) procedures and controls meet ...