Established in 1994, the IAIS is a voluntary membership organisation of insurance supervisors and regulators from more than 200 jurisdictions, constituting 97% of the world’s insurance premiums. It is the global standard-setting body responsible for developing and assisting in the implementation of principles, standards and guidance as well as supporting material for the supervision of the insurance sector. The IAIS mission is to promote effective and globally consistent supervision of the insurance industry in order to develop and maintain fair, safe and stable insurance markets for the benefit and protection of policyholders; and to contribute to global financial stability.
Toshiyuki Miyoshi, Vice Minister for International Affairs, Financial Services Agency, Japan, has been elected Executive Committee Chair of the IAIS. Shigeru Ariizumi, Special Advisor to the Minister of State for Financial Services, Financial Services Agency, Japan, steps down as IAIS Executive Committee Chair after a...
The IAIS published today the Association’s 2024 Financial Report, containing the financial statements of the IAIS for the 12 months from January to December, as well as reports from the Chairs of the Executive Committee, Budget Committee and Audit and Risk Committee.
The report highlights the role of insurance in mitigating economic and societal impacts of NatCat events and assesses how widening protection gaps could increase financial stability risks.
