IAIS announces new organisational structure and leadership at the committee level

The IAIS will have a new committee-level organisational structure, effective 1 January 2026. The changes, approved during its Annual General Meeting in Tirana, Albania, last week aim to align the Association’s governance and operations for effective delivery of the Strategic Plan 2025-2029. 

The current Macroprudential (MPC), Policy Development (PDC) and Implementation and Assessment (IAC) Committees will be replaced by:  

• Monitoring and Risk Assessment Committee (MRC), which will continue the IAIS’ focus on monitoring and assessing global insurance sector developments and risks and detecting the possible build-up of systemic risk in the global insurance sector. 
• Standards and Supervisory Practices Committee (SSC), which will be responsible for setting and maintaining IAIS global standards, but also for supporting Members in implementing these standards and promoting good supervisory practices. 
• Implementation Assessment Committee (IAC), which will focus exclusively on assessing the globally consistent and comprehensive implementation of IAIS standards. 

This reallocation of responsibilities ensures a closer alignment with the IAIS core objectives outlined in the Strategic Plan 2025-2029. It also reflects the IAIS’ shift in emphasis from standard-setting to implementing and assessing agreed standards. The new structure will streamline responsibilities, enhance collaboration across committees and subcommittees, including through appropriate feedback loops, and provide engagement opportunities for a broad range of IAIS members, particularly from emerging market and developing economy jurisdictions.  

The new committees will be chaired by: 

• MRC: Dieter Hendrickx, Head of Prudential Policy Insurance, National Bank of Belgium

• SSC will have two co-chairs:
  • Farzana Badat, Deputy Commissioner, Financial Sector Conduct Authority, South Africa
  • Judi French, Director, Ohio Department of Insurance, USA

• IAC: Vicky White, Director of Insurance and Cross-Sectoral Policy, Prudential Regulation Authority, UK

The appointment of committee vice chairs is expected to be finalised in early 2026. 

Coming soon: The recording of the Annual Conference panel session, In conversation with IAIS committee chairs: Looking ahead will be available by the end of the week. In this session Romain Paserot, IAIS Deputy Secretary General, explains the committee changes and discusses their rationale, intended impact and 2026 priorities with the newly appointed chairs.

Further information  

The IAIS conducts its activities through a system of committees, subcommittees and other groups. The IAIS activities are led by the Executive Committee, which is supported by five committees – Audit and Risk, Budget and, from 1 January 2026, the new committees replacing the existing MPC, PDC and IAC.

The committee changes will not result in any net addition or reduction in types of work undertaken by the IAIS. The mandates of the Budget Committee and the Audit and Risk Committee will remain unchanged. 

On 12 November 2025, the Annual General Meeting approved amendments to the by-laws to implement these changes. The IAIS webpage, including the organigram, will be revised to reflect the changes when they take effect in January 2026. A process is currently underway to facilitate the transition of membership to the new committees.