IAIS outlines new 5-year plan to address insurtech
Tuesday, 06 18 2019, Category: Insurance and Reinsurance, Country: World
The International Association of Insurance Supervisors (IAIS) has outlined its new 2020-24 strategic plan, which includes a shift in focus to fully address emerging policy issues such as insurtech, cyber risks, and climate risk, as well as the challenge of sustainable development.
In recent years, the IAIS has focused primarily on a post-crisis reform agenda to mitigate systemic risk in the global re/insurance sector, which it believes was exposed by the global financial crisis.
However, following an 18-month consultation period with members, the Association has identified a new set of issues that it believes have the potential to reshape the re/insurance industry in the coming years.