International Association of Insurance Supervisors and Risk policy: Difference between pages

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''Regulation - supervision - insurance.''
''Risk management''. 
Predetermined actions the entity will take, or have in reserve, to deal with the various situations that might arise. 


International Association of Insurance Supervisors.
Risk policy should cover commercial as well as treasury approaches to exposure management.
The policy should identify and reflect the risk appetite and risk tolerances of the organisation, making explicit that a risk management system has been designed to provide reasonable assurance of achieving business objectives.
It should assign accountability for managing risks and reporting results on effectiveness of the system to executive management.


(IAIS).
== See also ==
* [[Exposure]]
* [[Risk appetite]]
* [[Risk control]]
* [[Risk tolerance]]


The IAIS is an international body representing insurance regulators and supervisors.
The IAIS aims to:
*Promote effective and globally consistent supervision of the insurance industry in order to develop and maintain fair, safe and stable insurance markets for the benefit and protection of policyholders; and
*Contribute to global financial stability.
The IAIS is hosted by the Bank for International Settlements.
==See also==
*[[Bank for International Settlements]]
*[[Insurance]]
*[[Regulation]]
*[[Solvency II]]
*[[Supervision]]
==External link==
*[http://www.iaisweb.org/index.cfm?event=showHomePage&persistId=1737FD59155D896B00D5407E6E773A66 IAS home page]
[[Category:Accounting,_tax_and_regulation]]
[[Category:The_business_context]]
[[Category:Identify_and_assess_risks]]
[[Category:Manage_risks]]
[[Category:Risk_frameworks]]
[[Category:Risk_reporting]]
[[Category:Financial_products_and_markets]]

Revision as of 14:20, 23 October 2012

Risk management. Predetermined actions the entity will take, or have in reserve, to deal with the various situations that might arise.

Risk policy should cover commercial as well as treasury approaches to exposure management. The policy should identify and reflect the risk appetite and risk tolerances of the organisation, making explicit that a risk management system has been designed to provide reasonable assurance of achieving business objectives. It should assign accountability for managing risks and reporting results on effectiveness of the system to executive management.

See also


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