What we do
The International Association of Insurance Supervisors (IAIS) 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.
Established in 1994, we are a voluntary membership organisation of insurance supervisors from more than 200 jurisdictions, constituting 97% of the global insurance premiums. The IAIS also provides a forum for members to share their experiences and understanding of insurance supervision and insurance markets.
In addition, the IAIS performs a forward-looking role in identifying key trends and developments that could reshape the business of insurance. This supports our members in addressing emerging risks and challenges. Currently, technological innovation (including digital), cyber risk, climate risk, conduct and culture, financial inclusion and sustainable economic development and diversity, equity and inclusion are the emerging issues on which we are focused.
The IAIS coordinates its work with other international financial policymakers and associations of supervisors or regulators, and assists in shaping financial systems globally (see our Partners page). In recognition of our collective expertise, we are routinely called upon by the G20 leaders and other international standard-setting.
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 our members, the IAIS conducts activities through a committee system designed to achieve our mandate and objectives. The IAIS committee system is led by an Executive Committee whose 38 members come from different regions of the world, representing advanced economies, emerging markets and developing economies. The Executive Committee is supported by five Committees established in the by-laws:
- Audit and Risk Committee
- Budget Committee
- Implementation and Assessment Committee
- Macroprudential Committee
- Policy Development Committee
The committees may also establish subcommittees to help carry out their duties. Click here for an overview of the committees and subcommittees, including their leadership.
The IAIS Secretariat
The IAIS operates with the support of a Secretariat under the direction of a Secretary General. The IAIS is hosted by the Bank for International Settlements (BIS) in Basel, Switzerland.