Public
Register of Internationally Active Insurance Groups based on information publicly disclosed by group-wide supervisors
The Common Framework for Supervision of Internationally Active Insurance Groups (ComFrame)1 establishes supervisory standards and guidance focusing on the effective group-wide supervision of Internationally Active Insurance Groups (IAIGs). This is a register of IAIGs publicly disclosed by group-wide supervisors (GWSs). The register has been compiled by the International Association of Insurance Supervisors (IAIS) based on information received from GWSs. GWSs are responsible for identification of IAIGs, in cooperation with other involved supervisors, after considering whether a group meets both the following criteria, provided in ComFrame: • Internationally active:
o Premiums are written in three or more jurisdictions; and o Gross written premiums outside of the home jurisdiction are at least 10% of the group’s total gross written premiums. • Size (based on a three-year rolling average):
o Total assets are at least USD 50 billion; or o Total gross written premiums are at least USD 10 billion. In limited circumstances, described in ComFrame guidance, the GWS has discretion to determine that a group is not an IAIG even if it meets the criteria or that a group is an IAIG even if it does not meet the criteria. As of 1 July 2020, forty-eight (48) IAIGs have been identified by relevant GWSs from 16 jurisdictions. Out of those 48 IAIGs, 30 IAIGs have been publicly disclosed by relevant GWSs from 11 jurisdictions. At a minimum, the public register will be updated annually. However, ad-hoc updates may be made more frequently based on disclosures by GWSs that may occur during the year.
1 ComFrame is available on the Insurance Core Principles and ComFrame page of the IAIS website (link). Public Register of Internationally Active Insurance Groups (IAIGs) 1 July 2020 Page 1 of 4
Table 1: Register of IAIGs disclosed by GWSs
Number Name of IAIG Group-wide supervisor (GWS) Jurisdiction of GWS
1 Aegon N.V. De Nederlandsche Bank - DNB Netherlands
2 Ageas SA/NV National Bank of Belgium Belgium
3 AIA Group Limited Insurance Authority (IA) China, Hong Kong
4 Allianz SE Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin) Germany
5 Assicurazioni Generali S.p.A. Istituto per la Vigilanza sulle Assicurazioni (IVASS) Italy
6 Aviva plc Prudential Regulation Authority (PRA) United Kingdom
7 AXA Autorité de Contrôle Prudentiel et de Résolution (ACPR) (Prudential France Supervision and Resolution Authority)
8 Berkshire Hathaway, Inc. Nebraska Department of Insurance United States
9 BNP Paribas Cardif Autorité de Contrôle Prudentiel et de Résolution (ACPR) (Prudential France Supervision and Resolution Authority)
10 British United Provident Prudential Regulation Authority (PRA) United Kingdom Association Limited
11 Chubb Group of Companies Pennsylvania Insurance Department United States
12 CNP Assurances Autorité de Contrôle Prudentiel et de Résolution (ACPR) (Prudential France Supervision and Resolution Authority)
13 COVEA Autorité de Contrôle Prudentiel et de Résolution (ACPR) (Prudential France Supervision and Resolution Authority)
Public Register of Internationally Active Insurance Groups (IAIGs) 1 July 2020 Page 2 of 4
14 Crédit Agricole Assurances Autorité de Contrôle Prudentiel et de Résolution (ACPR) (Prudential France Supervision and Resolution Authority)
15 Fairfax Financial Holdings Delaware Department of Insurance United States Limited
16 GROUPAMA Autorité de Contrôle Prudentiel et de Résolution (ACPR) (Prudential France Supervision and Resolution Authority)
17 Grupo Mapfre Dirección General de Seguros y Fondos de Pensiones Spain
18 Great Eastern Holdings Group Monetary Authority of Singapore (MAS) Singapore
19 HDI Haftpflichtverband der Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin) Germany Deutschen Industrie V.a.G.
20 Legal & General Group Plc Prudential Regulation Authority (PRA) United Kingdom
21 Liberty Mutual Insurance Massachusetts Division of Insurance United States Group
22 Münchener Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin) Germany Rückversicherungs- Gesellschaft Aktiengesellschaft in München
23 NN Group N.V. De Nederlandsche Bank - DNB Netherlands
24 Prudential Financial, Inc. New Jersey Department of Banking and Insurance United States
25 Prudential Plc Insurance Authority (IA) China, Hong Kong
26 Reinsurance Group of Missouri Department of Insurance, Financial Institutions & United States America, Incorporated Professional Registration
Public Register of Internationally Active Insurance Groups (IAIGs) 1 July 2020 Page 3 of 4
27 RSA Insurance Group plc Prudential Regulation Authority (PRA) United Kingdom
28 SCOR Autorité de Contrôle Prudentiel et de Résolution (ACPR) (Prudential France Supervision and Resolution Authority)
29 SOGECAP Autorité de Contrôle Prudentiel et de Résolution (ACPR) (Prudential France Supervision and Resolution Authority)
30 Vienna Insurance Group AG Financial Market Authority (FMA) Austria Wiener Versicherung Gruppe
Public Register of Internationally Active Insurance Groups (IAIGs) 1 July 2020 Page 4 of 4