INTERNATIONAL ASSOCIATION OF INSURANCE SUPERVISORS (IAIS)

About:

• Established in 1994, the IAIS headquartered in Switzerland.
  
  
• It is a voluntary membership organization of insurance supervisors and regulators from more than 200 jurisdictions, constituting 97% of the world's insurance premiums. Some of the leading members of IAIS are:
  • United Kingdom- Financial Conduct Authority (FCA),
    
    
  • USA- National Association of Insurance Commissioners (NIAC),
    
    
  • India- Insurance Regulatory and Development Authority of India (IRDAI) etc.
    
    
  
  
  
• It is the international standard-setting body responsible for developing and assisting in the implementation of principles, standards and other supporting material for the supervision of the insurance sector.