BCR consultation: IAIS ducks key issues
The IAIS has published the second consultation on the basic capital requirement but the document is most notable for what it leaves out.
The second consultation on the basic capital requirement (BCR) from the International Association of Insurance Supervisors is notable principally for what it is missing – leaving questions unanswered on contentious issues for insurers such as asset-liability matching and diversification.
The paper, released on July 9, outlines the framework for the BCR but defers some essential details of the workings of the capital requirement, which will apply to Global Systemically Important Insurers (G-Siis)
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