Chair Hugh Savill
Association of British Insurers
The GFIA Capital working group closely follows the developments at the International Association of Insurance Supervisors (IAIS), who have set out the ambitious goal of developing three distinct capital requirements for insurers globally by 2018. These initiatives are the Basic Capital Requirement (BCR), the Higher Loss-Absorbency (HLA), and the Insurance Capital Standard (ICS), and the GFIA Capital working group intends to be a globally representative, constructive counterparty to the IAIS in the discussions during these developments.
Published on 07 Nov 2014
Updated on 22 Dec 2014