On 18 July 2013 the Financial Stability Board (FSB) and the International Association of Insurance Supervisors(IAIS) published a list of nine Global Systemically Important Insurers (G-SII). This is the culmination of more than a year's deliberation on whether insurers should be deemed systemically important and if so, what should be the appropriate policy measures that apply. This remains a very controversial topic, as can be seen from recent announcements from groups such as Insurance Europe, however it is an area which will remain a factor for large and globally active insurers to follow.
In this Hot Topic, 'G-SII: a new era of global insurance regulation' we consider the policy measures that apply to G-SIIs and the assessment methodology used by the IAIS. We focus on the what happens next as these recent measures are just the start of the journey.