IAIS urges co-operation on SPVs

The IAIS hopes plans for new guidance will foster greater convergence in regulatory approaches to insurance securitisation

New rules and guidance to supervise insurance securitisations have developed “unevenly” between different global jurisdictions, according to a new report from the International Association of Insurance Supervisors (IAIS). “Regulatory developments addressing insurance securitisation have followed national policies on the matter, resulting in a variety of dissimilar approaches.”