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Big insurers see new capital standards adopted

( December 5, 2024, 15:46 GMT | Official Statement) -- MLex Summary: The International Association of Insurance Supervisors officially approved today the Insurance Capital Standard, which is the "first comprehensive global capital standard for insurance supervision ... providing a risk-based measure of capital adequacy for internationally active insurance groups." The new standard will need to be implemented in the coming years by all jurisdictions, following self-assessment of their current regulation's compatibility.Press release is attached....

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