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The IAIS’ key activities for 2019 can be categorised thematically as follows:
Standard setting - Projects under this area reflect IAIS’ work on supervisory material, to finalise the revision of the Insurance Core Principles (ICPs) and development of the Common Framework for the Supervision of Internationally Active Insurance Groups (ComFrame), including the Insurance Capital Standard (ICS).
Financial stability - Projects under this area reflect IAIS’ work on developing a holistic framework to mitigate systemic risk in the global insurance sector, recognising that systemic risk may arise from both the collective activities/exposures of insurers at a sector-wide level as well as from the distress or disorderly failure of individual insurers.
Implementation and assessment - Projects under this area support the IAIS’ objective of globally consistent and effective implementation of the IAIS’ supervisory material through assessing implementation and supporting Members to implement this material through the development of targeted guidance (ie Application and Issues Papers).
Assessing and responding to emerging(ed) risks and opportunities - Projects under this area facilitate sharing of experiences and practices amongst Members to help them better understand emerging supervisory issues and proactively tackle related supervisory challenges and opportunities.