New Committees now operational: MRC, SSC and IAC

The new IAIS Committee-level structure announced last year has become effective from 1 January 2026.

Full explanation of the changes was provided in the November announcement. In short, the new committees and their chairs are:

• Monitoring and Risk Assessment Committee (MRC)
  • MRC will continue to oversee the IAIS’ activities on monitoring and assessing global insurance sector developments and risks and detecting the possible build-up of systemic risk.
  • Chair: Dieter Hendrickx, Head of Insurance Supervision, National Bank of Belgium

• Standards and Supervisory Practices Committee (SSC)
  • SSC is responsible for setting and maintaining IAIS global standards and for supporting Members in implementing these standards and promoting good supervisory practices.
  • Co-Chair: Farzana Badat, Deputy Commissioner, Financial Sector Conduct Authority, South Africa
  • Co-Chair: Judi French, Director, Ohio Department of Insurance, USA
• Implementation Assessment Committee (IAC)
  • IAC will focus exclusively on assessing the globally consistent and comprehensive implementation of IAIS standards.
  • Chair: Vicky White, Director of Insurance and Cross-Sectoral Policy, Prudential Regulation Authority, UK

There is also now a more flexible reporting structure for the subcommittees. Subcommittees will report to one or more committee(s) on a per project/activity basis determined by the annual Roadmap.

For more background, see the updated IAIS organigram and read about the IAIS leadership. You can also watch the recording of In conversation with IAIS committee chairs at the IAIS Annual Conference 2025 where Romain Paserot, IAIS Deputy Secretary General, discussed the committee changes and 2026 priorities with the newly appointed chairs.