Internationally Active Insurance Groups - IAIG
With the increasing interconnectedness of the global economy, insurance companies have expanded their global presence. Internationally Active Insurance Groups (“IAIGs”) are insurance holding company systems that operate and write premiums in multiple national jurisdictions while also meeting certain other requirements. To effectively regulate IAIGs, one regulator may act as the group-wide supervisor for the entire IAIG across various global jurisdictions.
Pursuant to 215 ILCS 5/131.20d, the Director may determine whether an insurance holding company system is an IAIG and become the group wide supervisor.
Supervision of Internationally Active Insurance Groups
Illinois is the group-wide supervisor of the following IAIGs:
Please contact the Department’s Group Solvency Specialist with questions regarding internationally active insurance groups:
Group Solvency Specialist
320 West Washington St., 4th Floor
Springfield, IL 62767