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.
Read the latest news from the IAIS. This edition features our recently published Application Paper on the supervision of climate-related risks in the insurance sector, including related tools for supervisors, and a replay of the public webinar (featuring an insightful Q&A session).
The report highlights the progress made over the past year to support our dual mission of policyholder protection and doing our part to maintain global financial stability.
The Application Paper was developed following extensive stakeholder and member engagement including four public consultations. The paper will support supervisors in effectively integrating climate-related risk into their supervisory practices to strengthen the resilience of the global insurance sector.
