14 Dec 2023 in Consultations, Latest news

IAIS publishes Issues Paper on roles and functioning of policyholder protection schemes (PPSs)

Following consultation between February and April 2023, the IAIS has now published its Issues Paper on roles and functioning of policyholder protection schemes (PPSs). The paper provides an updated overview of global practices regarding PPSs and their roles in insurance resolution and a variety of related activities. It also describes current practices for PPSs and […]

7 Dec 2023 in Latest news, Other supervisory notes and reports

Update on IAIS work on artificial intelligence and machine learning in insurance

Today, the IAIS issued a short summary of its ongoing efforts in the area of the adoption of artificial intelligence and machine learning (AI/ML) in the insurance sector. In view of the rapid advancements in AI/ML technologies, in 2023 the IAIS FinTech Forum conducted a thematic review of existing guidance on AI/ML and model risk […]

6 Dec 2023 in Global Insurance Market Report (GIMAR), Latest news, Press releases

IAIS Global Insurance Market Report 2023 highlights key risks and trends facing the global insurance sector

The IAIS today published its 2023 Global Insurance Market Report (GIMAR), sharing the outcomes of this year’s Global Monitoring Exercise (GME), the IAIS’ risk assessment framework to monitor key risks and trends and detect the potential build-up of systemic risk in the global insurance sector.

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