21 October 2024

IAIS sets strategic direction for 2025-2029

The IAIS has identified three strategic themes that will feature prominently in its work programme: climate change, digital innovation including the use of artificial intelligence and cyber risks, and the need for insurance to deliver on its societal purpose of building resilience.

• Over the next five years, the IAIS will place a heightened emphasis on globally consistent implementation of the IAIS’ standards, including by assessing implementation across jurisdictions and by supporting members’ efforts in implementing effective supervisory practices.
• Assessing and responding to key risks and trends impacting the global insurance sector will remain a priority. The IAIS will continue to refine its annual risk assessment framework and use it to support globally coordinated supervisory responses.

The International Association of Insurance Supervisors (IAIS) today published its Strategic Plan 2025-2029. The plan was developed through a rigorous process of engagement with IAIS members and stakeholders.

“The 2025-2029 Strategic Plan builds on the achievements of the previous five-year period,” said IAIS Executive Committee Chair Shigeru Ariizumi. “Looking ahead, the IAIS will place a greater emphasis on implementation of our standards and on the themes of climate change, digital innovation and societal resilience.”

The IAIS, as a standard-setting body and a membership-driven association, is uniquely positioned to support its members in strengthening insurance supervision across the globe.

The Strategic Plan articulates the core objectives of the IAIS as a standard-setting body, identifies a set of strategic themes and sets out the operational priorities of the IAIS. Together, these elements will shape the IAIS’ activities over the next five years and guide the development of the IAIS’ annual workplan, known as the Roadmap. The Roadmap for 2025-2026 will be published in early 2025.

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