Global Insurance Market Report (GIMAR)
The Global Insurance Market Report (GIMAR) is published annually and highlights the outcomes of the Global Monitoring Exercise. It is aimed at assessing global insurance market trends and developments and detecting the possible build-up of systemic risk in the global insurance sector.
The GIMAR shares the outcomes of the annual GME and 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.
The GIMAR provides an assessment of the following sections in the year-end publication.
Sections of the GIMAR include:
- Introduction of the GME and its data collections.
- Global insurance market developments in the past year in terms of macro-financial developments, assets, liabilities, solvency, profitability and liquidity.
- Key sector-wide themes identified in the insurance sector.
- Aggregate results from the individual insurer monitoring exercise.
- Climate-related risks in the insurance sector.
- Global reinsurance market.
The IAIS also publishes a mid-year GIMAR in July each year that provides a summary of the interim outcomes of the IAIS GME ahead of the publication of the final GIMAR at the end of the year. This update covers preliminary reporting on solvency, profitability and liquidity positions of the global insurance sector; aggregate systemic risk scores; and key sector-wide themes.
The Global Insurance Market Report 2025 highlights the resilience and stability of the global insurance sector, supported by strong solvency, liquidity and profitability, alongside a slight decline in systemic risk. This year’s report explores key trends shaping the sector, including the rapid growth of private credit investments, increasing geoeconomic fragmentation and the adoption of AI. It also emphasizes the need for enhanced supervisory focus on emerging risks such as climate-related exposures and cyber threats. By addressing these challenges, the sector continues to demonstrate its ability to adapt and navigate an evolving risk landscape, ensuring its ongoing resilience.
The 2025 GIMAR highlights the resilience of the global insurance sector amidst significant structural shifts. As insurers navigate the rapid expansion of private credit, manage risks from geoeconomic fragmentation, and embrace the evolving role of AI, supervisors must ensure that governance, risk management, and monitoring frameworks are strengthened to address these changes.
Toshiyuki Miyoshi, Chair of the IAIS Executive Committee
The IAIS also develops special editions of the GIMAR to delve deeper into relevant topics to assess their potential risks to global financial stability and identify the need for further work. The most recent GIMAR publications can be found below; for a full history of GIMAR publications, please visit this page.