International Association of Insurance Supervisors

The International Association of Insurance Supervisors (IAIS) is a voluntary membership-driven organization of insurance supervisors and regulators from over 190 jurisdictions in more than 140 countries. In addition to its Members, approximately 135 Observers representing international institutions, professional associations and insurance and reinsurance companies, as well as consultants and other professionals participate in IAIS activities.

The mission of the IAIS is to:

The IAIS is a non-profit organisation formed under Article 60 of the Swiss Civil Code, domiciled in Basel, Switzerland.

The activities of the IAIS are supported by its Secretariat located in Basel and headed by a Secretary General. The IAIS is hosted by the Bank for International Settlements (BIS).

Under the direction of its Members, the IAIS conducts activities through a Committee system designed to achieve its mandate and objectives. The IAIS Committee system is led by an Executive Committee whose members come from different regions of the world. It is supported by five Committees established by the By-Laws – the Audit, Budget, Financial Stability, Implementation, and Technical Committees – as well as by the Supervisory Forum. Committees may establish subcommittees or working parties to help carry out their duties.

Activities undertaken in furtherance of its mission can be divided into three categories:

The IAIS coordinates its work with other international financial policymakers and associations of supervisors or regulators, and assists in shaping financial systems globally. In particular, the IAIS is a:

The IAIS also participates as an observer or partner with numerous other organisations, including the Arab Forum of Insurance Regulatory Commissions (AFIRC), Asian Forum of Insurance Regulators (AFIR), Association of Latin American Insurance Supervisors (ASSAL), Consultative Group to Assist the Poor (CGAP), European Insurance and Occupational Pensions Authority (EIOPA), Financial Action Task Force (FATF), International Actuarial Association (IAA), IMF, International Organisation of Pension Supervisors (IOPS), Islamic Financial Services Board (IFSB), National Association of Insurance Commissioners (NAIC), Offshore Group of Insurance Supervisors (OGIS), Organisation for Economic Cooperation and Development (OECD), Insurance and Private Pensions Committee (IPPC), and World Bank.

The IAIS holds Committee meetings four times a year, as well as Working Party meetings as needed, throughout the world. At its June meetings, the IAIS hosts a Global Seminar affordinginsurance supervisors and industry representatives a unique opportunity to discuss current and globally significant matters impacting the insurance sector, as well as to learn about new international standards.

To further encourage multilateral discussions on topical issues for insurance supervisors and other insurance professionals, the IAIS holds an Annual Conference. In conjunction with this conference, it convenes an Annual General Meeting of Members where it conducts official business.

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