Insurance capital standard will be confidential

BASEL – Julian Adams, the chair of the financial stability committee at the International Association of Insurance Supervisors (IAIS) has indicated that the key global ratio being developed will not be publicly disclosed. The basic capital requirement (BCR) is due to be drafted for nine globally systemically important insurers (GSIIs) by year-end 2014. This requirement would then be the foundation for higher loss absorbing capital (HLA) to be introduced by 2019.