There is growing acknowledgement that advancing DEI within insurers’ organisations and business models supports sound prudential and consumer outcomes as well as sustainability objectives. DEI also touches on several strategic themes identified in the IAIS Strategic Plan 2020-2024, such as conduct and culture, but also financial inclusion, sustainable economic development and technological innovation.
The IAIS is committed to deepening and strengthening its work on DEI through the following activities:
Advancing DEI within an insurers’ organisation plays a role in achieving broader Environment, Social and Governance (ESG) objectives, such as creating more accessible markets and supporting financial inclusion among traditionally underserved communities and individuals, including progressing inclusive insurance.
In this regard, the work of A2ii is relevant to the IAIS activities related to DEI.