Register of Internationally Active Insurance Groups Based on Information Publicly Disclosed by Group-Wide Supervisors
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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 25 March 2021, forty-eight (48) IAIGs have been identified by relevant GWSs from 16 jurisdictions. Out of those 48 IAIGs, 45 IAIGs have been publicly disclosed by relevant GWSs from 15 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) 25 March 2021 Page 1 of 5 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 American International Group New York State Department of Financial Services United States (AIG) 6 Assicurazioni Generali S.p.A. Istituto per la Vigilanza sulle Assicurazioni (IVASS) Italy 7 Aviva plc Prudential Regulation Authority (PRA) United Kingdom 8 AXA Autorité de Contrôle Prudentiel et de Résolution (ACPR) (Prudential France Supervision and Resolution Authority) 9 Baloise Group Swiss Financial Market Supervisory Authority (FINMA) Switzerland 10 Berkshire Hathaway, Inc. Nebraska Department of Insurance United States 11 BNP Paribas Cardif Autorité de Contrôle Prudentiel et de Résolution (ACPR) (Prudential France Supervision and Resolution Authority) 12 British United Provident Prudential Regulation Authority (PRA) United Kingdom Association Limited 13 Canada Life Assurance Office of the Superintendent of Financial Institutions (OSFI) Canada Company Public Register of Internationally Active Insurance Groups (IAIGs) 25 March 2021 Page 2 of 5 14 Chubb Group of Companies Pennsylvania Insurance Department United States 15 CNP Assurances Autorité de Contrôle Prudentiel et de Résolution (ACPR) (Prudential France Supervision and Resolution Authority) 16 COVEA Autorité de Contrôle Prudentiel et de Résolution (ACPR) (Prudential France Supervision and Resolution Authority) 17 Crédit Agricole Assurances Autorité de Contrôle Prudentiel et de Résolution (ACPR) (Prudential France Supervision and Resolution Authority) 18 Dai-ichi Life Holdings, Inc. Financial Services Agency (JFSA) Japan 19 Fairfax Financial Holdings Delaware Department of Insurance United States Limited 20 GROUPAMA Autorité de Contrôle Prudentiel et de Résolution (ACPR) (Prudential France Supervision and Resolution Authority) 21 Grupo Mapfre Dirección General de Seguros y Fondos de Pensiones Spain 22 Great Eastern Holdings Group Monetary Authority of Singapore (MAS) Singapore 23 HDI Haftpflichtverband der Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin) Germany Deutschen Industrie V.a.G. 24 Helvetia Group Swiss Financial Market Supervisory Authority (FINMA) Switzerland 25 Legal & General Group Plc Prudential Regulation Authority (PRA) United Kingdom 26 Liberty Mutual Insurance Massachusetts Division of Insurance United States Group Public Register of Internationally Active Insurance Groups (IAIGs) 25 March 2021 Page 3 of 5 27 Manufacturers Life Insurance Office of the Superintendent of Financial Institutions (OSFI) Canada Company 28 MetLife, Inc. New York State Department of Financial Services United States 29 MS&AD Insurance Group Financial Services Agency (JFSA) Japan Holdings, Inc. 30 Münchener Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin) Germany Rückversicherungs- Gesellschaft Aktiengesellschaft in München 31 NN Group N.V. De Nederlandsche Bank - DNB Netherlands 32 Prudential Financial, Inc. New Jersey Department of Banking and Insurance United States 33 Prudential Plc Insurance Authority (IA) China, Hong Kong 34 Reinsurance Group of Missouri Department of Insurance, Financial Institutions & United States America, Incorporated Professional Registration 35 QBE Insurance Group Limited Australian Prudential Regulation Authority (APRA) Australia 36 RSA Insurance Group plc Prudential Regulation Authority (PRA) United Kingdom 37 SCOR Autorité de Contrôle Prudentiel et de Résolution (ACPR) (Prudential France Supervision and Resolution Authority) 38 SOGECAP Autorité de Contrôle Prudentiel et de Résolution (ACPR) (Prudential France Supervision and Resolution Authority) 39 Sompo Holdings, Inc. Financial Services Agency (JFSA) Japan Public Register of Internationally Active Insurance Groups (IAIGs) 25 March 2021 Page 4 of 5 40 Sun Life Assurance Company Office of the Superintendent of Financial Institutions (OSFI) Canada of Canada 41 Swiss Life Group Swiss Financial Market Supervisory Authority (FINMA) Switzerland 42 Swiss Re Group Swiss Financial Market Supervisory Authority (FINMA) Switzerland 43 Tokio Marine Holdings, Inc. Financial Services Agency (JFSA) Japan 44 Vienna Insurance Group AG Financial Market Authority (FMA) Austria Wiener Versicherung Gruppe 45 Zurich Insurance Group Swiss Financial Market Supervisory Authority (FINMA) Switzerland Public Register of Internationally Active Insurance Groups (IAIGs) 25 March 2021 Page 5 of 5 .