The International Association of Insurance Supervisors (IAIS) is seeking feedback on a new risk-based global capital standard for insurers.

Issues to be covered in the consultation include two valuation approaches: market-adjusted valuation and generally accepted accounting principles.

Other areas for discussion include capital resources and requirements, and the calculation of insurance capital standards.

Submissions close on October 19.

Comments will inform the second version of the insurance capital standard, planned for adoption in 2019.

This accepted standard will then form part of the Common Framework for the Supervision of Internationally Active Insurance Groups, or ComFrame.

The IAIS has previously adopted the basic capital requirement and higher loss absorbency requirement, in 2014 and last year respectively.

Both were endorsed by the Financial Stability Board and apply to global systemically important insurers.