Int’l association establishes roadmap, prioritises ICS

The roadmap pans out five high-level goals with key projects and objectives.

The International Association of Insurance Supervisors (IAIS) has released its 2024 Roadmap, outlining the organisation's work program guided by the 2020-2024 Strategic Plan.

A significant focus is on the global Insurance Capital Standard (ICS), which is set to be adopted at the IAIS Annual General Meeting of Members in 2024.

The ICS aims to provide a common language for cross-border supervisory discussions on the solvency positions of Internationally Active Insurance Groups (IAIGs). The IAIS will also continue the Global Monitoring Exercise (GME) to assess global risks and trends.

ALSO READ: Global Federation of Insurance Associations commends the efforts of the IAIS

Key strategic themes in 2024 include climate risk, digital innovation, diversity, equity, and inclusion, financial inclusion, operational resilience, cyber risk, and protection gaps.

The IAIS plans to advance initiatives supporting the implementation of its standards, with a new Strategic Plan for 2025-2029 to be published at the end of 2024, focusing on effective standard implementation amid changing environmental factors.

Also Read

AXA Philippines launches new health plan for critical illnesses

Insurers pivot to science-based cleantech risk modeling

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit