The IAIS was established in 1994 to promote cooperation among insurance supervisors and liaise with supervisors and regulators in other financial sectors. The IAIS develops principles, standards and guidance on insurance supervision and is active in promoting their implementation.
Currently insurance supervisory authorities from over 160 jurisdictions are members. In addition, over 70 organisations and individuals are observers. They represent professional associations, insurance and reinsurance companies, international financial institutions, consultants and other professionals.
Chair of the Executive Committee
Alessandro Iuppa, Superintendent, Maine Bureau of Insurance, and President-Elect of the National Association of Insurance Commissioners, USA.
Yoshihiro Kawai, Secretary General, supported by seven staff and four secondees.
Each year the IAIS holds a General Meeting during its Annual Conference. All members and observers are invited but only members can vote on resolutions. In addition to accepting the past year's financial statements and approving the budget for the coming year, members vote on nominations to the Executive Committee and adopt key documents.
The IAIS has 16 committees and working parties. They meet on average three times a year. The main committees are the Executive Committee, the Technical Committee, the Emerging Markets Committee and the Budget Committee.
IAIS documents are developed by subcommittees or working groups and approved by the parent committee, in most cases the Technical Committee. If documents have the status of standards, principles or guidance, they must be adopted by the membership at the General Meeting. The main working parties that are involved in the development of standards and other technical activities are:
Standard implementation activities
Each year the IAIS, in collaboration with FSI and other organisations, holds on average 15 regional seminars to foster implementation of standards and enhance cooperation among supervisors in the same region. The IAIS also develops case studies and textbooks on issues related to insurance supervision, in collaboration with the World Bank and FSI within the Task Force on the Core Curriculum Project.
Full information on publications and other relevant issues can be found at http://www.iaisweb.org
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