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US must tweak capital rules to apply global standard, insurance supervisors say

By Jean Comte ( November 14, 2024, 11:37 GMT | Insight) -- The US method used to calculate the capital standard for large insurers isn't fully in line with new international standards on the matter, according to a draft statement by the International Association of Insurance Supervisors seen by MLex. The document says that the American "aggregation method" is a "basis for implementation of the Insurance Capital Standard to produce comparable outcomes," but needs tweaking regarding the treatment of interest rate risk and the timing of supervisory intervention.The US Aggregation Method "provides a basis for implementation of the Insurance Capital Standard to produce comparable outcomes," according to a draft statement from the International Association of Insurance Supervisors, or IAIS, seen by MLex....

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