International Association of Insurance Supervisors (IAIS)
Formed in 1994, the International Association of Insurance Supervisors (IAIS) represents insurance supervisory authorities from over 100 international jurisdictions. The IAIS develops international standards for insurance supervision, provides training to its members, and fosters cooperation between insurance regulators, as well as forging dialogue between insurance regulators and regulators in other financial and international sectors.
The NAIC's International Insurance Relations (G) Committee supports the work of the IAIS by participating in Executive, Technical and other relevant Committee meetings, and by drafting and commenting on papers that deal with international solvency supervision, accounting standards, reinsurance regulation and other issues of regulation of the business of insurance. Members of the Committee also attend the IAIS annual conference and interim meetings, and present information on relevant topics at regional training programs.
The NAIC assisted with the revision of the Insurance Core Principles that are utilized within the Financial Sector Assessment Program (FSAP) by the World Bank and IMF. The NAIC completed a self-assessment using these principles in June 2004.
IAIS Web Site
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