Kicking the can: global insurance deal highlights divisions
IAIS hails “unified path” on insurance regulation, but Europe frustrated by US exceptionalism
Insurance regulators did their best to put on a brave face in Malaysia at the start of November. Members of the International Association of Insurance Supervisors even took to describing a statement promising a “unified path to convergence” on a global insurance capital standard (ICS) as the Kuala Lumpur agreement. Scratch beneath the surface, however, and it becomes clear the statement reveals
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