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