Making Common Sense Of The Common Framework

Law360, New York (November 13, 2013, 12:04 PM EST) -- This past October, the International Association of Insurance Supervisors, a global standard-setting body, was the source of two major developments in international insurance regulation. First, the IAIS announced the development of a unified capital standard for internationally active insurance groups. Days later, at its annual meeting, this year held in Taipei, this goal was incorporated in a revised “common framework” (ComFrame) issued by the IAIS that would govern prudential regulation of insurers more generally. 

Both of these developments are being watched closely by insurance regulators and lawmakers...
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