Introductory remarks from the hosts to open the Annual Conference and provide an overview of key topics on the agenda for the next two days. 

Introductory remarks by the Chair of the IAIS Executive Committee (ExCo) and the IAIS Secretary General.

Members of the ExCo will update on the finalisation and implementation of the Insurance Capital Standard (ICS) and the outcome of the assessment of whether the Aggregation Method provides comparable outcomes to the ICS.

They will then be joined by IAIS ExCo Champions and Committee Chairs to update on the IAIS work programme and answer questions from the audience. This session will include an update on operationalising the new IAIS Strategic Plan, with a focus on projects that are planned to start in 2025 .

This panel discussion will consider the conclusions from the 2024 Global Monitoring Exercise (GME) and what these key risks and trends mean for insurers’ risk management and insurance supervision.

The keynote address will provide an update on the SDG developments in the insurance sector, with a particular focus on what they mean for increasing the economic resilience of the African continent. It will also set the scene for the subsequent roundtable discussions.

Insurance can play an important role in several of the SDGs including the goal of no poverty, reduced inequalities, good health and well-being, decent work and economic growth and climate change.

To consider these issues, two concurrent roundtables will discuss the role of insurance in supporting the SDGs, including examples from African insurance markets.

• Non-life: what developments are we seeing in the property and casualty (P&C) markets and what do these mean for achieving the SDGs?

• Health/life: what developments are we seeing in the health and life markets and what do these mean for achieving the SDGs? How will the medium-term outlook on the continent impact the growth of the sector?

This panel will provide an opportunity to update on the IAIS final Application Paper on supervising DEI – the governance, risk management and culture perspective and also the draft Application Paper on fair treatment of diverse consumers.

Four concurrent roundtables.

Roundtable 1:
Tech and insurance: Who is protecting whom? This roundtable which will consider the impact of technology on the global insurance sector. It will provide an opportunity to discuss ongoing IAIS projects, including the IAIS’ draft Application Papers on artificial intelligence and on operational resilience objectives. 

Roundtable 2:
Financial inclusion and fair treatment of diverse consumers: Insurance has a substantial role to play in making societies more resilient. This roundtable will provide an opportunity to discuss the challenges that need to be overcome to allow for better consumer outcomes. It will provide an opportunity to discuss ongoing IAIS projects, including the Application Papers on financial inclusion and fair treatment of diverse consumers.

Roundtable 3:
ICS and risk-based solvency: This session will provide members and stakeholders with an opportunity to discuss the final ICS in detail and understand the next steps for implementation of the new global solvency standard. It will also provide an opportunity to update on the IAIS work on risk-based solvency regimes.

Roundtable 4:
Capacity building: This session will discuss the key priorities for capacity building as part of the IAIS 2025-2029 Strategic Plan.

This session will bring together CEOs from several insurers to discuss the key challenges the global insurance sector faces in the medium to long term and what needs to be done to address these challenges.

This panel will consider the IAIS’ work on inclusive insurance including developments to address the natural catastrophe protection gaps including work by the IAIS and the G7.

Jonathan Dixon, IAIS Secretary General, will provide the closing remarks.