New criteria expected to single out insurance companies on their economic importance The International Association of Insurance Supervisors (IAIS), an organization that represents the world’s insurance regulators, has introduced new criteria for identifying insurance companies that can be considered “too big to fail.” This term became popular during the economic crisis in the U.S., where companies like the American International Group (AIG) were thrust into limelight for the part they played in the disaster. Companies that are considered too big to fail are considered vital to the economic stability of…
Read MoreIAIS introduces new methodology to identify insurance companies that are too big to fail
