IAIS

ABOUT THE IAIS:

Established in 1994, the International Association of Insurance Supervisors (IAIS) is a voluntary membership organization of insurance supervisors and regulators from more than 200 jurisdictions, constituting 97% of the world's insurance premiums. It is the international standard-setting body responsible for developing and assisting in the implementation of principles, standards and other supporting material for the supervision of the insurance sector. The IAIS also provides a forum for Members to share their experiences and understanding of insurance supervision and insurance markets. In recognition of its collective expertise, the IAIS is routinely called upon by the G20 leaders and other international standard setting bodies.

The IAIS Mission:

The mission of the IAIS 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 IAIS Committee System:

Under the direction of its Members, the IAIS conducts activities through a Committee System designed to achieve its mandate and objectives. The IAIS Committee System is led by an Executive Committee whose Members come from different regions of the world. The Executive Committee is supported by five Committees established in the By-Laws – the Audit and Risk, Budget, Implementation and Assessment, Macroprudential and Policy Development Committees – as well as by the Supervisory Forum. Committees may establish subcommittees to help carry out their duties.

Legal Information:

The International Association of Insurance Supervisors (IAIS) is a non-profit organisation constituted under Swiss law and domiciled at the Bank for International Settlements (BIS) in Basel, Switzerland.

MAIN EVENTS

Global Seminar:

As part of its annual cycle, the IAIS holds the Global Seminar in conjunction with its mid-year Committee Meetings. The Committee Meetings are critical to IAIS policy formulation and decision-making. The Global Seminar supports this work by providing Members with a forum to exchange information and perspectives, discuss current thinking and new ideas and engage stakeholders through dialogue.

Annual Conference:

The IAIS Annual Conference is one of the highlights of the IAIS’ activities and a key tool for the IAIS to meet its objectives of supporting its Members in maintaining fair, safe and stable insurance markets for the benefit and protection of policyholders and to contribute to global financial stability. The Annual Conference provides an excellent opportunity for IAIS Members from all over the world to gather and exchange views on topical issues affecting the insurance sector.