The IAIS today published its 2024 Global Insurance Market Report (GIMAR), sharing the outcomes of this year’s Global Monitoring Exercise (GME), the IAIS’ risk assessment framework to monitor key risks and trends and detect the potential build-up of systemic risk in the global insurance sector
The Global Insurance Market Report (GIMAR) 2024 presents outcomes of the Global Monitoring Exercise (GME), the IAIS’ framework for monitoring risks and trends in the global insurance sector and assessing the possible build-up of systemic risk. In addition to an aggregate overview of insurers’ solvency, profitability and liquidity, the report shares in-depth analyses conducted on two key themes: (1) key risks in the current macroeconomic environment; and (2) structural shifts in the life insurance sector, including greater allocation of capital to alternative assets and increased use on cross-border asset-intensive reinsurance.
The IAIS is consulting on a draft Application Paper on the supervision of artificial intelligence. Feedback is sought by 17 February.
Public consultation feedback is invited by 11 October 2024 on the first phase of the draft Application Paper on Operational Resilience Objectives [and Toolkit]. This first phase sets out outcome-based objectives for operational resilience, which aim to provide a sound and consistent foundation to support supervisory authorities in their oversight of insurance sector operational resilience.
