Executive Committee Report to Council

Audience: Council Delegates

The EC minutes of its December 15 and January 19 meetings are available online. The next EC meeting is scheduled for February 23. Should you have any questions or comments, please contact the Executive Director.

Upcoming Webinars

Audience: All

The following webinars are being presented by the IAA and/or an IAA Section. We encourage you to participate and share this information with colleagues and within your member association.

• February 10: Al in Actuarial Science

Presented by: ASTIN Section (open to members only)

Speakers: Ronald Richman

• February 16: Environmental, Social, and Governance (ESG) Criteria For Consultants and Clients
  Presented by: IACA Section (Open to all section members only)
  Speakers: Esko Kivisaari, Paul Meins and Sarah Wilson

More webinars will be announced soon!

IAA Responses to Public Consultations

Audience: All

Consultation of the Financial Stability Board’s (FSB) Task Force on Climate-related Financial Disclosures (TCFD)

With reference to the message sent to Council and Correspondents on January 20, the IAA submitted a comment letter to the TCFD on 27 January 2021. The comments were prepared by the Climate Risk and Sustainability Reporting Task Forces.

Draft Application Paper on Resolution Powers and Planning

The IAIS has developed a draft Application Paper on Resolution Powers and Planning. The Paper aims to provide guidance on supervisory practices related to resolution, which is defined as “actions taken by a resolution authority towards an insurer that is no longer viable, or is likely to be no longer viable, and has no reasonable prospect of returning to viability.” In particular, it provides guidance for the application of ICP 12 (Exit from the Market and Resolution) and ICP 25 (Supervisory Cooperation and Coordination), including the ComFrame standards integrated therein. 

We are pleased to inform you the that the IAA response, prepared by the Insurance Regulation Committee, has been submitted to the IAIS.

Please note that all IAA responses are available on the IAA website under PUBLICATIONS/ PUBLIC STATEMENTS.

Reminders

• February 14: Reminder to submit association proposals for 2022 vacancies
• January 31: Full and Associate membership fees were payable by January 31, 2021