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IIF Insurance Regulatory Committee (IRC)

Chair: Steven Kandarian, Chief Executive Officer MetLife

This committee, consisting of insurance and bank-affiliated insurance entities, is a senior level oversight group in charge of providing leadership and strategic guidance to the insurance-advocacy activities of the IIF and oversees the work of the insurance working group (IWG). This includes giving strategic guidance on topical issues which the IWG ought to address, approving its working program and major reports as well as playing a key role in promoting the IIF’s role in insurance.  The Committee is composed exclusively of senior executives (Chairman / CEO / CFO or CRO) from IIF insurance member firms.

Insurance Working Group

The Insurance Working Group is in charge of dealing, from a technical perspective, with the insurance agenda of the Institute (i.e., regulatory Capital Requirements, Group Supervision, Systemic Risk, Recovery and Resolution as well as Risk Management and Governance Issues) under the oversight of the IRC. Participants include senior capital and risk managers, Heads of Government Affairs/Public Policy and regulatory experts. The various sub- and working groups often work with our colleagues at the Geneva Association (GA) to provide industry responses with truly global representation. The subgroups listed below feed their work into the IWG.

  • Joint IIF / GA ICS Task Force

    The Joint IIF/GA ICS Task Force develops industry views and provides technical input on the essential elements of the global Insurance Capital Standards (ICS) which are being developed by the IAIS as part of the Common Framework for the Supervision of Internationally Active Insurance Groups (IAIGs).
     
  • Joint IIF / GA GSII-Methodology / NTNI Working Group

    The Joint IIF/GA HLA Working Group develops industry views and provides technical input on the essential elements of IAIS consultation papers on both G-SII designation & de-designation and the constitution and appropriate treatment of non-traditional non insurance products.
     
  • Joint IIF / GA RRP Working Group

    The Joint IIF/GA HLA Working Group develops industry views and provides technical input on the essential elements of FSB consultation papers on critical functions and recovery and resolution planning for insurers.

IIF Headquarters
1333 H St NW, Suite 800E
Washington, DC 20005-4770
Tel: +1 202 857-3600
Fax: +1 202 775-1430
Email: info@iif.com

IIF Middle East and Africa
Regional Office
DIFC, The Gate Building,
Level 15
P.O. Box 121208
Dubai, United Arab
Emirates
Tel: +971 4401 9651

IIF Asia Pacific
Regional Office - Beijing
Winland International Finance Centre
Suite F920, 9F
No.7 Jinrong Avenue
Xicheng District, Beijing
100032, PRC
Tel: +86 10 5836 9100
Fax: +86 10 5836 9300

IIF Asia Pacific
Regional Office - Singapore
50 Raffles Place
#22-06 Singapore Land
Tower
Singapore 048623
Tel: +65 6592 5089

IIF European
Representative Office
Square de Meeûs 23
14th Floor
1000 Brussels
Belgium
Tel: +32 2 430 37 08

IIF Regional Office
10 Upper Bank St.
London E14 5NP
Tel: +44 207 006 4173