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.
The event, hosted during the G20 Finance Ministers and Central Bank Governors (FMCBG) meetings, brought together senior leaders from governments, central banks and supervisors, the private sector, and international organisations to discuss strategies and solutions for addressing the widening NatCat insurance protection...
Following consultation in 2024, the IAIS has now published its Application Paper on fair treatment of a wide range of consumers.
Public consultation feedback is invited by 25 September 2024 on the Application Paper on how to achieve fair treatment for diverse consumers under ICP 19.
