Acronym IAIS

Acronyms

ALM Asset-liability management
AML Anti-money laundering
CDD Customer due diligence
CFT Combating the financing of terrorism
ComFrame Common Framework for the Supervision of Internationally Active Insurance
Groups
ERM Enterprise Risk Management
FATF Financial Action Task Force
FIU Financial intelligence unit
IAIG Internationally Active Insurance Group
IAIG CMG Crisis management group of the Internationally Active Insurance Group
ICP Insurance Core Principle
ICS Insurance Capital Standard
IDR Independent Dispute Resolution
IFRS International Financial Reporting Standards
IGT Intra-group transactions
IL Insurance liability
MCR Minimum Capital Requirement
MIS Management information system
ML Money laundering
MMoU Memorandum of Understanding
MOCE Margin Over the Current Estimate
NCWOL No creditor worse off than in liquidation
NRA National Risk Assessment
ORSA Own Risk and Solvency Assessment
PCR Prescribed Capital Requirement
PPS Policyholder Protection Scheme
RBA Risk-Based Approach
SPE Special Purpose Entity
SRO Self-regulatory organisation
TF Terrorist financing
TVaR Tail value at risk
VaR Value at risk