Multilateral Memorandum of Understanding (MMoU)

The IAIS Multilateral Memorandum of Understanding (MMoU) is a global framework for cooperation and information exchange between insurance supervisors. It is a statement of its signatories’ intent to cooperate in the field of information exchange, as well as procedures for handling information requests.

The MMoU was adopted by the IAIS Executive Committee on 15 February 2007 to promote close cooperation and information exchange amongst insurance supervisors since these are essential conditions for supervising insurers (or insurance groups) in an effective and strengthened manner. The MMoU provides a tool for this cooperation and information exchange between signatory authorities regarding the supervision of insurance companies.

An insurance supervisor cannot just enter into the MMoU by signing it but has to successfully complete a rigorous assessment of their professional secrecy regimes (the "validation procedure" or "application process"). Because of this assessment signatories that need to exchange confidential information need not independently verify whether each counterparty has the appropriate provisions and procedures in place to protect the confidentiality of information (such as confidentiality requirements based on the principles and standards of ICP 3 (Information Sharing and Confidentiality Requirements)). The MMoU therefore benefits supervisors by removing hurdles to the effective exchange of supervisory information.

More information on the background, main aspects and validation process can be found in the document listed below.

IAIS Secretariat Support: Miho Chen

List of MMoU signatories

Accessing the MMoU Tool

 If you are not already logged in, you must log in order to access the tool.

Please note:  Only the IAIS Member Main Representative has the right to submit the MMoU application. If you are the person responsible for filling out the application and you are not the Main Representative, please ask your Main Representative to contact the Secretariat.