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Abbreviation | IAIS |
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Formation | 1994 |
Type | Swiss Verein |
Headquarters | Centralbahnplatz 2, Basel, Switzerland |
Chair of the Executive Committee | Shigeru Ariizumi, Financial Services Agency of Japan |
Secretary General | Jonathan Dixon |
Affiliations | Bank for International Settlements |
Website | iaisweb |
The International Association of Insurance Supervisors (IAIS) is a membership organization of insurance supervisors from more than 200 jurisdictions, constituting 97% of the world's insurance premiums. It is the international standards-setting body for the insurance sector.[1] The IAIS was established in 1994 and operates as a verein, a type of non-profit organisation under Swiss Civil Law.[2]
The IAIS' mission is to promote effective and globally consistent supervision of the insurance industry in order to develop and maintain fair, safe and stable insurance markets for the benefit and protection of policyholders and to contribute to the maintenance of global financial stability.[3]