The IAIS today published its 2024 Global Insurance Market Report (GIMAR), sharing the outcomes of this year’s Global Monitoring Exercise (GME), 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 Global Insurance Market Report (GIMAR) 2024 presents outcomes of the Global Monitoring Exercise (GME), the IAIS’ framework for monitoring risks and trends in the global insurance sector and assessing the possible build-up of systemic risk. In addition to an aggregate overview of insurers’ solvency, profitability and liquidity, the report shares in-depth analyses conducted on two key themes: (1) key risks in the current macroeconomic environment; and (2) structural shifts in the life insurance sector, including greater allocation of capital to alternative assets and increased use on cross-border asset-intensive reinsurance.
This consultation document seeks feedback on a set of proposed ancillary risk indicators to further aid the IAIS assessment of potential systemic risk in the global insurance sector within the Individual Insurers Monitoring component of the Global Monitoring Exercise.
The GIMAR mid-year update 2024 provides interim results of the 2024 Global Monitoring Exercise and a preview of the themes in scope for collective discussion by insurance supervisors.