Reinsurance News
IAIS
IAIS report flags rising private credit exposure, geoeconomic pressures and expanding AI use
8th December 2025
The International Association of Insurance Supervisors (IAIS), a global body representing insurance supervisory authorities from more than 200 jurisdictions, has issued its Global Insurance Market Report (GIMAR) 2025, providing an overview of key developments influencing the sector. The report presents an industry that continues to show solid capital strength, stable liquidity ... Read the full article
GFIA urges IAIS to address the growing global pension protection gap
22nd May 2025
On 22 May 2025, the Global Federation of Insurance Associations (GFIA), which represents the interests of insurers and reinsurers worldwide, called on the International Association of Insurance Supervisors (IAIS), the global standard-setting body for insurance regulation and supervision, to prioritise tackling the expanding global pension protection gap. In a letter addressed ... Read the full article
GFIA welcomes IAIS’ call for balanced AI supervision in insurance
25th February 2025
The Global Federation of Insurance Associations (GFIA) has responded to the International Association of Insurance Supervisors' (IAIS) draft application paper on artificial intelligence (AI) supervision, emphasising its shared commitment to ensuring AI is used responsibly while fostering innovation that benefits the insurance industry. As AI evolves rapidly, GFIA stresses the need ... Read the full article
GFIA warns IAIS ‘disproportionate’ focus on climate risks could overshadow other risk drivers faced by insurers
26th June 2024
The Global Federation of Insurance Associations (GFIA) warns against a ‘disproportionate’ focus on climate risks in its response to a consultation by the International Association of Insurance Supervisors (IAIS) on the supervision of climate risks in the insurance sector. GFIA is concerned about the proposed changes to the Insurance Core Principles ... Read the full article
IAIS Global Insurance Market Report 2023 reveals trends & risks impacting the industry
22nd December 2023
The International Association of Insurance Supervisors (IAIS) has released its 2023 Global Insurance Market Report (GIMAR), highlighting key risks and trends shaping the global insurance sector. The report draws on data collected from approximately 60 of the largest international insurance groups, covering over 90% of global written premiums. According to the report, ... Read the full article
IAIS report urges action on NatCat protection gaps amid climate change threat
6th November 2023
The International Association of Insurance Supervisors (IAIS) has issued a report, "A call to action: the role of insurance supervisors in addressing natural catastrophe protection gaps," highlighting the vital role of insurance supervisors in addressing the rising threat of natural catastrophe (NatCat) events due to climate change. Protection gaps, defined as the ... Read the full article
Civil society groups demand climate risk regulatory action from the IAIS
31st October 2023
Over thirty climate, environmental and consumer protection groups call on the International Association of Insurance Supervisors (IAIS) to scale up climate action and accelerate the shift away from fossil fuels to stop growing parts of the world being left without access to insurance. Ahead of the IAIS annual meeting in Tokyo, ... Read the full article
APCIA opposes IAIS’ draft criteria for US Aggregation Method
22nd August 2022
The American Property Casualty Insurance Association (APCIA) has submitted comments to the International Association of Insurance Supervisors (IAIS), opposing its draft criteria for determining whether the U.S.-backed Aggregation Method (AM) for assessing insurance group capital is comparable to the IAIS’ Insurance Capital Standard (ICS). The comments follow on from the Read the full article
Global organisations reiterate potential harm of forced COVID-19 BI coverage
12th May 2020
As more and more international organisations underscore the potential negative ramifications of forcing insurers to retroactively cover COVID-19 related business interruption (BI) claims, the President and Chief Executive Officer (CEO) of the American Property Casualty Insurance Association (APCIA), David Sampson, has again highlighted the importance of stability in the marketplace. As ... Read the full article
At times of distress, the stability of the insurance industry is vital: IAIS
11th May 2020
The International Association of Insurance Supervisors (IAIS) has highlighted the essential role of insurers at this time of distress, providing protection against "heightened uncertainties created by the pandemic." As the implementation of lockdown and social distancing measures accelerated and intensified across much of the world, it became clear that the COVID-19 ... Read the full article
IAIS outlines new 5-year plan to address insurtech, cyber & climate risk
17th June 2019
The International Association of Insurance Supervisors (IAIS) has outlined its new 2020-24 strategic plan, which includes a shift in focus to fully address emerging policy issues such as insurtech, cyber risks, and climate risk, as well as the challenge of sustainable development. In recent years, the IAIS has focused primarily on ... Read the full article
Insurance supervisors must understand and adapt to FinTech: IAIS
15th March 2017
The development of innovative FinTech has the potential to disrupt the global insurance and reinsurance industry in numerous ways, highlighting a range of challenges and opportunities for insurance supervisors, says the International Association of Insurance Supervisors (IAIS). In a new report, the IAIS explores the potential disruption the global insurance industry ... Read the full article
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