Conduct of Business Risk and its Management

Source
commercial

The IAIS Application Paper on Approaches to Conduct of Business Supervision (“the COB Supervision paper”)1 points out that, historically, insurance supervisors have sought to protect policyholder interests mainly by focusing on the financial soundness of individual insurers and, in more recent times, extending this focus to the financial soundness of insurance groups and conglomerates. Although it has long been recognised that supervisory systems should also protect consumers from unfair or abusive business practices, this has typically been regarded as secondary to maintaining financial soundness.

Source
International Association of Insurance Supervisors
Length of Resource
36 pages
Author
International Association of Insurance Supervisors
Date Published
Publication Type
paper

ResourceID: 77452

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